This is a quote from an article about RED today. Rest of article is in the link below. If they are on the money then we should see a significant increase in SP of RED over the next 18 months especially if POG goes up quite a lot.
”While a big improvement, the share price upside remains constrained while an out-of-the-money hedge book is worked off, and the balance sheet is deleveraged over the next 12-18 months.Free of its hedge book and with a deleveraged balance sheet, Red 5's market cap would be a lot higher than it is today based on the valuation metrics of its peers.
Until it enjoys the metrics of others, Red 5 will be vulnerable to being low-balled in further Leonora district consolidation moves.”
https://resourcesrisingstars.com.au/blog/red-5-s-red-letter-year?RID=580&ListPageUrl=https%3A%2F%2Fresourcesrisingstars.com.au%3A443%2Fhomepage-blog
$40 cents club, page-604
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Last
31.5¢ |
Change
-0.025(7.35%) |
Mkt cap ! $2.142B | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 33.0¢ | 30.8¢ | $14.28M | 45.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 1674903 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 282750 | 9 |
View Market Depth
| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| RED (ASX) Chart |