$40 cents club, page-604

This is a quote from an article about RED today. Rest of article is in the link below. If they are on the money then we should see a significant increase in SP of RED over the next 18 months especially if POG goes up quite a lot.

”While a big improvement, the share price upside remains constrained while an out-of-the-money hedge book is worked off, and the balance sheet is deleveraged over the next 12-18 months.

Free of its hedge book and with a deleveraged balance sheet, Red 5's market cap would be a lot higher than it is today based on the valuation metrics of its peers.

Until it enjoys the metrics of others, Red 5 will be vulnerable to being low-balled in further Leonora district consolidation moves.”

https://resourcesrisingstars.com.au/blog/red-5-s-red-letter-year?RID=580&ListPageUrl=https%3A%2F%2Fresourcesrisingstars.com.au%3A443%2Fhomepage-blog