Ann: Change in substantial holding, page-5

The MC = SP x Number of shares. So 2bn shares x 20c = $A400m not the MC being shown by Hot Copper. The second tranche has to be approved by shareholders as per ASX rules, but being that insto's and HNW make up a large majority of shares held, this will be passed. Once all new shares are listed, the MC will expand and hence the long hoped for addition to the ASX300 will finally happen .... especially after the FFS is released. I think that RED shareholders should stop looking at the leaves and concentrate on the growth and strength of the tree. If the POG remains strong, then the incoming tide will lift all boats that don't have gaping in their story. The over night Wall St rally is being labelled a Dusty Springfields rally "wishing and hoping ... will make those COVID blues go away ..." " Someday " is another lyric that comes to mind. The only certainty at present is that endless QE is gathering momentum, debts are growing exponentially .... etc and this will continue to weaken fiat currency value, and perhaps place at risk bank deposits ... GOK. But all these should continue to support the gold price at least in the short term. Gold had rallied from a low $400 during the early 2000's peaked at about $1000/oz in 2008, retraced to $700 for several months before reaching a peak in Mid 2011, and this plateaued for about 12 months before erasing in 2013. So, if the same pattern recurs then there will be several years before gold peaks before a major correction probably occur .... So, while the rest of the share market looks for a bottom which will based on some future earnings clarity, gold should continue to be seen as a desirable part of diversified portfolios for the next year or 2 .... during which time RED will mature into a blue chip miner ... IMHO.
So my portfolio will diversify when RED hits major targets and attractive alternative investments become apparent. We're nearly there ... "hold on RED's coming hold on " ...