The problem is that you said "after the merger agreement" and the merger was completed !
You should have been right, everything spoke (cash gift from Tonkin, future resources, price of gold) in favor of an immediate rise in the price of RED and the opposite happened without it there is contradictory news, but good excuses (institutions, sale of Tonkin, for example). Regarding the institutions, if RED is such a good deal, they should have kept their shares and even increased their positions, right ?
Personally, I see more of a drop artificially caused to offer RED to GMD or another predator and therefore a disappearance of RED within 12-18 months. But I take note of your optimism and, as a shareholder, I hope that the future will finally prove you right !
$40 cents club, page-1379
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Last
36.0¢ |
Change
-0.010(2.70%) |
Mkt cap ! $2.448B | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.8¢ | 36.0¢ | $9.825M | 26.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1862724 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 2312588 | 9 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RED (ASX) Chart |