CEB2,
There has been little indication that the gold price is influencing the share price of RED (certainly not in the short term at least). Expect gold price to only be a major factor once RED begins production and is re-rated. That being said, the higher the gold price once production begins the greater the re-rating will be and the share price jump. Who knows, RED might even pay big dividends if the gold price remains strong, I can't imagine production costs and exploration costs at Mapawa to drain all the free cash flow!
target price, page-39
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Last
42.5¢ |
Change
0.005(1.19%) |
Mkt cap ! $2.891B | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 43.5¢ | 41.5¢ | $11.42M | 26.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 222136 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 1437793 | 11 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |