You just don't get it - the downgrade after the release of the FY'24 was because the market was shocked about state of RED's SLR assets. SLR SP was in free fall (despite SLR buildup of cash), till LT secured the takeover stake of RED - after that its SP rose from 81c to 150c+. How much longer do we have to put up with this SLR derangement syndrome, where a small noisy minority of SH (on HC) are still talking about some form of compensation ?? SLR is dead buried and cremated ... RED is about to also vanish, and VAU will rise from the ashes. Move on FFS. PS I made qualified price predictions, with the proviso that the POG remain strong, and the market remain stable - I should have added, that there weren't any dark secrets in the SLR locker that the market would not appreciate - but hey, if I was an accurate predictor of the future, I wouldn't be posting opinions on HC would I ??
RED Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
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