RED 2.70% 36.0¢ red 5 limited

" next year RED 5 shares could easily turn into $5-$6 a share "...

  1. 2,337 Posts.
    lightbulb Created with Sketch. 1300
    " 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 ??
 
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Last
36.0¢
Change
-0.010(2.70%)
Mkt cap ! $2.448B
Open High Low Value Volume
37.0¢ 37.8¢ 36.0¢ $9.825M 26.88M

Buyers (Bids)

No. Vol. Price($)
18 1862724 36.0¢
 

Sellers (Offers)

Price($) Vol. No.
36.5¢ 2312588 9
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
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