If you paid peanuts during the CR era and it's a 15 year mine life and you've bought a seperate chunk to sit on with your super as a long term gamble, it's not so bad. An industry average of 7.9% vs Red's 110%, in one year.
Sure you can always take profit from it and/or free carry but there's nothing wrong with a longer term approach either especially considering what could take place soon, the implications of the merger on the bottom line. If RED holders were getting X amount of SLR shares for the merger I'd be selling down. But we're in a great position here. Trade or hold there is more money to be made.
/disclaimer: This is not financial advice. This is the diary of a madman.
- Forums
- ASX - By Stock
- RED
- GOLD / RED 5 & SLR ON FIRE. Wishing all well.
GOLD / RED 5 & SLR ON FIRE. Wishing all well., page-28
-
-
- There are more pages in this discussion • 67 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RED (ASX) to my watchlist
|
|||||
Last
37.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.652B |
Open | High | Low | Value | Volume |
39.0¢ | 39.3¢ | 37.5¢ | $2.868M | 7.464M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
67 | 1306492 | 37.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.0¢ | 1792308 | 69 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
64 | 1175838 | 0.375 |
41 | 1230971 | 0.370 |
32 | 1233396 | 0.365 |
42 | 1680515 | 0.360 |
18 | 854715 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 1882410 | 69 |
0.385 | 2682952 | 29 |
0.390 | 1351005 | 20 |
0.395 | 1446081 | 24 |
0.400 | 1040318 | 22 |
Last trade - 13.28pm 29/07/2024 (20 minute delay) ? |
Featured News
RED (ASX) Chart |