RED 5.17% 30.5¢ red 5 limited

Yeah I understood their statement. Just wondering why they would...

  1. 80 Posts.
    lightbulb Created with Sketch. 26
    Yeah I understood their statement. Just wondering why they would say that in the first place. I guess one issue could be KOTHs underground reserve grade at 2.3 g/t. That's not a great grade for an open stoping underground operation. DCN recently shut down their underground operations at Westralia due to the profitability of the operation not being robust enough. They were mining at around 2.4g/t for 1 mtpa. A similar operation to KOTH's. DCNs now trying to re-configure a new reserve where they can mine the higher grade parts of it.
    I guess with higher gold prices it might not matter anymore.

 
watchlist Created with Sketch. Add RED (ASX) to my watchlist
(20min delay)
Last
30.5¢
Change
0.015(5.17%)
Mkt cap ! $2.074B
Open High Low Value Volume
29.0¢ 31.5¢ 29.0¢ $6.131M 20.29M

Buyers (Bids)

No. Vol. Price($)
17 1710117 30.0¢
 

Sellers (Offers)

Price($) Vol. No.
31.0¢ 290135 11
View Market Depth
Last trade - 16.10pm 12/09/2024 (20 minute delay) ?
RED (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.