Please note the latest research report summary by Petra Capital to its clients:
"BUY
Siana remains on track for commissioning in January 2011 and first gold pour early April 2011.
Average production over the initial 10 year mine life (based on reserves) is 90-100kozpa at US$350/oz cash costs.
RED is currently trading on FY11 & FY12 PE 16x and 3.8x. Our NPV equates to 23cps which is a 92% premium to current shareprice of just 12cps.
First drill results from the Mapawa prospect are expected in coming days. RED is the cheapest gold stock under our coverage. We recommend buying RED with a price target of 28cps.
Andrew Richards
Petra Capital Pty Ltd "
petra capital recommends red as buy
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Last
42.0¢ |
Change
0.010(2.44%) |
Mkt cap ! $2.857B | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.5¢ | 41.5¢ | $7.599M | 18.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 554744 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 402000 | 9 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |