News: RED Red 5 Says Russell Clark Appointed As Independent Non-Executive Chair, page-3

Another good finish. l read widely on gold and where those "in the know" think the precious metal is headed. This current retrace came close to testing US $1900 dollar support levels but has risen over the last few days on latent resilience. Normally gold is counter cyclic to Fed rate increases but with so much uncertainty in the US commercial real estate market, and interest rate stress impacting Europe - gold bulls are hanging in there. Another economist has stated today that gold will hit 5 figures well before 5 years. The message l take from this is not so much the specific dollar value but a growing consensus belief gold is headed significantly higher from its current levels. Also, that this will occur in a reasonably short time. The unanimous opinion is about holding physical gold, but you would have to think profitable gold mining companies and shares attached to them will mirror any price appreciation in the precious metal. So while Red 5 might fully value this side of 50 cents on gold prices circa US $2000 dollars - any major price appreciation will naturally throw those valuations to the wind. If and when this great reset occurs of course. Rather than being a take over target, the long game might be focusing on debt reduction and running a very profitable business. We live in very interesting volatile times. Very happy to be holding Red 5 shares for the long game.