RED (ASX) Ann: Annual Report to shareholders

Historically, October has seen some turbulent periods and quite a few famous "black days" when the market cratered ..... there has been a buildup of extraordinary market imbalances that have legendary market identities predicting "dark days ahead" and up to a 40% correction to restore values to the long term medium valuation .... phew .... are you ready for that ?
The bond market has roared back to life - those with long dated bonds with low coupon rates have been shredded, like some banks such as Silicon Valley, while those picking up current offers with high interest coupons are laughing while they short the market ....
' the more things change, the more they stay the same '

Well, there's a new reality for gold miner investors to cope with - the IOUSA market has called a "top" in the POG and now we'll see where the POG will settle, and what effect that will have on company valuations. The gold optimists are predicting a 4th quarter recovery in the POG with US$1876 being most likely, but bears are suggesting a continuation to lower levels like US$1800 .... if this gives way .... technically that would be nasty.
Not surprisingly, the GDXJ remains in a bearish downtrend - gold is a long way from going mainstream.
https://www.*****.com/news/2023-09-29/Analysts-expect-gold-to-kick-off-Q4-with-gains-while-retail-investors-are-evenly-split.html

Locally the A$POG has made a decisive down move, a key supports are coming into view - if A$2800 gives way, then the recent gold shake up will continue, and give added incentive for "rationalisation and consolidation" ?? The much maligned RED hedging may come to be seen as an asset ??
Only kidding, but the January quarter for RED (and others) when these lower gold prices show full impact will be 'very interesting' !
The mini rally on Friday in a few beaten down local hero's may not follow through next week ?
How low will SLR go and what will be its response ? What are RED's options if SLR continues to accumulate ?
Will new 'substantial shareholder notices' declare the rerate is in full swing, and will the Hunt for RED in October reach its denouement ?
A casual glance at NST chart shows it's still in a downtrend, down from A$14.50 to A$10.45 shows the local market is still in a bear phase.
It has a massive capital injection planned for its already massive super pit plant, so won't be involved in M&A ?

RED has had a great week with the SLR support creating a new SP benchmark .... if 26c support holds, with good volume, that would be reassuring.
If I was a cynic, I would regard these relatively precipitous SP surges (see circles on chart) before some "profit taking" as manipulation ?
The buildup before the last CR was particularly suspicious, as was the depth of the decline - one more profit gouge before the new phase ?

The rash of articles prompting "underpriced early phase explorers" may be tempered for a while ?
The pressure on the likes of PNR will be interesting - its independent existence hangs in the balance - whose waiting to pick up the pieces ?
When will GMD show its hand ?
The surge in the US$ increases its purchasing power, so will the return of US gold miner investors gain momentum ?