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..."RED will not rerate until it comes out with unequivocal...

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Jeanlucecuyer

479 Posts.

165

24/09/24

15:12

Post #: 75814626
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Originally posted by MIStragic: ↑

Across the board, many of Australia's leading companies are down substantially from Jan'24 highs. WIth stubbornly high inflation, interest rates remain attractive to lenders but a bed of nails for debtors, and the A$ is too high for our export industries.
The over all market health cannot but affect the gold sector eventually. Golds are mostly down because of currency movements it seems, but there a lot an expectation in many SP's, and companies that disappoint will see their SP savaged.
Kamala Harris has drawn ahead in the polls ... whatever .... the dam may not crack till after November, but the cracks grow ever wider.
RED will not rerate until it comes out with unequivocal better news ... till then the SP will drift and remain in a technical downtrend IMHO.

PS - a quick glance at the WDS chart will explain why (its rumoured) WDS is thinking of a move to the IOUSA, a truly fracked up country.

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..."RED will not rerate until it comes out with unequivocal better news ... till then the SP will drift and remain in a technical downtrend IMHO."... In "YOUR humble opinions" rather !
A pessimistic opinion of the day that contrasts with all your optimistic opinions so far on RED and its fantastic MD !
And do you know something that the market still ignores to inform us that, without unequivocal better news, the SP will remain down, which is quite obvious and elementary in the stock market, right ?
The good thing about your opinions one day optimistic with strong support and good news to come and one day pessimistic with doubts, is that you are sure to be right, IMHO...

RED Price at posting: 33.3¢ Sentiment: Hold Disclosure: Held
4 Upvote

2 Great analysis

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..."RED will not rerate until it comes out with unequivocal...

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Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

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