Mostly, technicals are driven by fundamentals (seen or unseen). RED's value is apparent to some like Argonaut, whose latest report on potential takeovers which has RED listed.
https://unauthorised investment advice/resources/barry-fitzgerald-eight-potential-ma-gold-targets-in-2021/?
The firm’s commentary about Red 5 being on the list was interesting as well.
“Developer/producer Red 5 is notable for the absence of any apparent third party interest in it, despite a swelling gold inventory backed by a huge drilling database, first rate location, and tepid market rating,’’ Argonaut said “It is possible it just doesn’t stack up – or it is a stand-out opportunity for someone? We favour the latter"
GOR produces 140k oz p.a. (it owns 1/2 of Gruyere's production) with ASIC A$1350 for a MC of A$1.114bn and Morgan's have recently increased their SP target to almost A$2bn.
KOTH will produce 170k oz p.a. at similar AISC ... hence its NPV (acknowledged by all analysts) is A$1bn+, or 50c/share. The recent POG retracement appears over, and higher POG appears very likely in the NY, along with RED's announcement of debt finance, a Siana solution and much better performance from Darlot ..... whats not to love ? Patient RED shareholders will be rewarded in the NY, one way or another .... keep safe, don't let the COVID get you down.
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Last
31.8¢ |
Change
0.013(4.10%) |
Mkt cap ! $2.074B |
Open | High | Low | Value | Volume |
32.0¢ | 32.5¢ | 31.8¢ | $2.361M | 7.376M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 701102 | 31.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.0¢ | 1133985 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 80080 | 0.350 |
4 | 312086 | 0.345 |
2 | 50000 | 0.335 |
10 | 702715 | 0.330 |
9 | 336716 | 0.325 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 95369 | 2 |
0.285 | 57463 | 1 |
0.295 | 20000 | 1 |
0.300 | 556690 | 6 |
0.305 | 13177 | 1 |
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