Ann: Red 5 launches capital raising, page-34

No point jumping in until you see the AISC. This management cannot be trusted to deliver an AISC of between $1750 and $1950. I venture to say it will come in well above $1950 and they will simply say that was a predicted range and the higher AISC is simply a result of a a tight labour market and inflationary pressures. There is no accountability. I also look forward to the amount of down time due to replacement of liners and changes to design. There will be a litany of excuses to be made but none that will mention THEIR INCOMPETENCE.

Has there ever been a more incompetent management who give the impression everything is rosy only to find out later that the ship is sinking. Think about the last capital raise, mines with grade grades, processing difficulties sorted AISC maintained and gold produced increasing - that's why they needed an immediate capital injection otherwise they were screwed. Deceitful, I think so.

If I had my way, I would through MW and his team of morons in jail. Destroying shareholder wealth at a gold medal pace.