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RED Phoenix, page-93

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colincj

6,303 Posts.

85

18/11/22

11:14

Post #: 64852206
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Originally posted by MIStragic: ↑

RED is dead till successful commissioning announced.
Also, M&A seems to be necessary to really potentiate KOTH value.
"Consolidation" through M&A for Leonora district has many possible players and actors.
SBM has got a new MD, but he's likely to find it equally hard to make a silk purse out of a sows rear. The more I look at SBM's "assets" the less attractive they become, especially as a package. Gwalia, while "only 35km from KOTH" is actually much much further in energy and cost of production - Gwalia deeps are so deep, it takes and hour to get from bottom to top .... I suspect that not only will RED not take on SBM, but nor will Genesis (GMD). GMD are in the process of M&A with DCN, but will still have a lot of high grade ore looking for a milling solution. This ore is well within economic trucking distance to KOTH ..... RED + GMD would have over 4m oz of reserves and would become a A$2bn MC when their combined potential is recognised by the market. Raleigh becomes MD, and Mark becomes chairman and Saracen Mark 2 is created.

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Mark becomes Chairman this has been his objective from the start it is all about Mark and not the share holders, as I have stated over the yrs Red will be sold off for a song

RED Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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1 Great analysis

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Last 37.0¢		Change 0.010(2.78%)		Mkt cap ! $2.516B

Open	High	Low	Value	Volume
36.0¢	38.0¢	35.8¢	$10.35M	27.93M

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No.	Vol.	Price($)
10	1089836	37.0¢

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Price($)	Vol.	No.
37.5¢	955628	8

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No.	Vol.	Price($)
8	757511	0.370
11	1094844	0.365
21	799060	0.360
22	620208	0.355
33	1657403	0.350

Price($)	Vol.	No.
0.375	207010	2
0.380	765913	11
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0.390	337261	6
0.395	384644	6

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