After everything said and done. The merger is finished. Done and dusted.
Massive Resource, huge Reserves. Possible big upside from Canadian operation also.
AND
$500,000,000 cash , gold and investments.
After paying off the $92 million RED debt.
450,000 p.a + Producer. With a very possible uprising of that, to above 500,000 Oz/ per year.
Even with the hedged gold , RED will still clear $3200 per onz. Sale price for the 125,000 ounces this calendar half year to Dec 2024.
Then hedges get better each half year.
Big monies will be pumped out.
This is a great medium to long term play.
I am happy to hold here. Little patience and this should tick upwards from here
After everything said and done. The merger is finished. Done and...
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Last
35.0¢ |
Change
0.005(1.45%) |
Mkt cap ! $2.380B | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 36.0¢ | 34.8¢ | $7.381M | 20.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 500592 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 479161 | 12 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |