Due to the fact Red 5 is a Gold producer future retail investors will be looking for steady spot price growth. We are not offering a dividend yield and do not attract day traders chasing volatility. Gold miners will continue to have beyond fair valuations compared to other sectors. When a greater percentage of investors realize Gold miners are stable with strong spot price returns combating inflation we will see greater price to book valuations as markets rebalance.
Compare tech stock traders (play the volatility) to yield investors (take the simple dividend) to Precious metals (Goldies) slow and steady not volatile yet offering spot price growth greater than dividend yield.
Red 5 way undervalued as per book price and a growing ballance sheet to the positive.
Fundamentals good just waiting on market sentiment.
Due to the fact Red 5 is a Gold producer future retail investors...
Add RED (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
33.0¢ |
Change
0.025(8.20%) |
Mkt cap ! $2.244B | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.5¢ | 31.5¢ | $12.73M | 39.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 1931022 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 748069 | 3 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| RED (ASX) Chart |