"Wall Street reaches perfect equilibrium of indecision on gold prices, Main Street maintains optimistic outlook"

Well, this latest failure to breakout of the POG "descending triangle" should give pause for thought .....
The Perth mint is laying off staff due to "reduced demand for precious metals" ....
POG sentient will be crucial for the valuation of BigRED from this point on ... and "show me the money !!! " market sentiment.

Prominent 'share holder notifications' by players renowned for picking big movers (be they short or long positions) have ceased to be 'substantial' - this effectively means the big positive moves in SP are unlikely in the short term and very dependent on company performance, and gold sector sentiment .... the GDXJ is down 2% but remains above the VIP level of 40, and the GDX is down 1.62% but still above the VIP level of 30 ..... the 'ice' appears to be thinning .... will it crack ?

Clearly with consensus SP target of 50c for RED, the SP will now be rang bound in the mid 40's, and will need to show continued progress, just to maintain the current market support and valuation ..... RED's old chart shows 2 massive volume spikes, which presumably associated with index adjustments and in the first instance, a punt on SP appreciation secondary to "index changes" (?) .... unlikely to see such volume in the future ??
That part of the graph between these volume peaks represents the new RED (+SLR), and the graph outside this should not be referred to in the future for technical analysis .... so, bring on the share price consolidation and name change to improve market perceptions of this 'new company'.
So RED romantics .... RED remains a HOLD .... IMHO.

Looking forward to the first presentation by the old new RED MD, where matters such as 'share consolidation' ( please 1 for 10 ), immediate priorities and longer term, such as KOTH ramp up, getting rid of dead end assets like Sugar Loaf (which requires too much management over there for too little return), more regional consolidation etc etc .... a ruthless drive for efficiency and high margin production must be core policy .... and Cool Hand is the right sort of individual to drive that process ... both SLR's final FY report and RED's FY report will be very interesting, and this years Diggers&Dealers will be huge for RED ... could this be the year that RED finally gets Miner of the Year award ??