lm not sure lm reading this right, but does Morning Star think Red5 is fully valued at 31 cents as of now? If that is the case, l would certainly like to add some perspective. lm pretty sure Morning Star had a considerably higher valuation on Red5 just a few months ago, but stand corrected if wrong. Whats changed? No more shares via cap raisings have been issued, 2 quarters of great financial results confirming great monthlies before that, an even higher gold price than before, less debt going foreward. Now they have revised their fair valuation lower?
Based on????? ln 30 years of trading, l have never seen Morning Star accurately able to pick ANY stocks fair value. Maybe l missed some that they guessed. l would not pay much creedence to what Morning Star ever recommends even when it comes to protocol about crossing the road.
$40 cents club, page-841
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Last
38.3¢ |
Change
0.013(3.38%) |
Mkt cap ! $2.516B | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 38.8¢ | 38.0¢ | $1.290M | 3.351M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 1052642 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 942625 | 17 |
View Market Depth
| Last trade - 10.16am 21/10/2024 (20 minute delay) ? |
| VAU (ASX) Chart |