Well, we do live in exciting & exceptional times - before COVID, the Ukraine war, the Gaza war, gold was in a funk.
This gold bull market has further to go, in part because other commodities are starting to run, implying over bullish commodity sentiment.
This is a very propitious environment for RED's merger which will complete its transformation from an ugly duckling into a big beautiful swan.
With the surge to US$2500 POG, will RED top 50c before the merger completes ? Will gold indices movements add to SP momentum ?
If the market holds together, what will big RED SP be after its victory lap of the big North American gold conferences ?
Needless to say, RED remains a strong HOLD.
$40 cents club, page-1222
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Last
37.5¢ |
Change
-0.020(5.06%) |
Mkt cap ! $2.550B | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.8¢ | 36.8¢ | $13.81M | 36.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 2044679 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 571259 | 6 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |