" next year RED 5 shares could easily turn into $5-$6 a share " - LOL - OMG, what are you smoking ?? On the other hand, hyperinflation in Australia could occur and RED profits could ..... be nationalised ?? Chile has announced the virtual nationalisation of its lithium industry, and a bankrupt Argentina is surely very very risky - how else are they going to (US$) dollarise their currency - their foreign reserves are almost non existent, so what are they going to use to purchase needed US$ ?? They will privatise everything except liabilities and sell off remaining assets like airports etc and then nationalise their lithium etc etc. The same dynamic is happening in Africa hence the low SP of the likes of WAF - this will put a further premium on Australian miners. BUT to seriously suggest that RED could appreciate by 20x in 12 months is fanciful unless one believes Australia is the next Argentina ??
RED Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held
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