With the announcement of resource upgrade substantially up this week and the full year reports released with a 156% uplift from last financial year. If any M&A is going to happen its going to happen very soon. With the market cap at 50% discount in Red5 and after this week with market announcements/ news articles, I know their are plenty of offshore buyers keen on a long life GOLD mine with plenty of ongoing uplift their is no better time to make an offer/ bid. Especially at 50% discount market cap to its peers and with a brand new processing plant and plenty of extended years of mine life up its sleeve.
Any takeover company wanting to do a DD has everything they need after this week at there finger tips ready to make a move and from what I am hearing its from off shore not locally which most comments/articles are predicting. Watch this space.
With the announcement of resource upgrade substantially up this...
Add RED (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
34.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.329B | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.0¢ | 34.3¢ | $1.483M | 4.292M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 56 | 1622012 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 333079 | 16 |
View Market Depth
| Last trade - 10.49am 27/09/2024 (20 minute delay) ? |
| RED (ASX) Chart |