Mate the POG barely dictates the price of RED shares - Gold has been trading a very tight range for quite some time now with a few false breakouts, and RED's sp has not been affected.
It was percieved to be the POG in which caused the unhealthy rise to 24cps, but this was not the case.
Yes it may be a good sign for the future since the board of directors is adament on getting international interest from institutions so there is no need to be pulling out of a stock for a mere few cent move, but I woulnd't count on Golds price to have immediate effects as has been described in this forum.
Unless Gold makes rediculous rises or drops from commissioning into its first, second or even third quarter - there is no reason to believe Gold is the key point indicator in the stocks worth.
Mate the POG barely dictates the price of RED shares - Gold has...
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Last
42.5¢ |
Change
0.005(1.19%) |
Mkt cap ! $2.891B | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 43.5¢ | 41.5¢ | $11.42M | 26.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 222136 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 1437793 | 11 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |