I dont get why people get so negative if you are not selling today. The overall market is being hammered and gold is one that is taking a real beating accross all companies.
The fundamentals are still the same for RED. Nothing has changed here. They still have gold in the ground and its worth more now then when they first discovered it. Delays with the mine are part of buying into companies going into production. There are a number of gold companies that go into production in the next 8 months that are under .20. They are also listed on the ASX.
The problem that will hurt RED and other Aust mining companies is the Aussie dollar. The gold price in Australian dollars is $1417.00. We really need our dollar to be valued around the .80 cent mark to see prices really take off.
Most of the gold companies going into production in the next 8 months are sitting at bargain prices for anyone to take up.
14.5 cents, page-16
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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 |