RED 0.00% 34.5¢ red 5 limited

Ann: Completion of fully underwritten $90 million equity raising, page-61

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  1. 405 Posts.
    lightbulb Created with Sketch. 56
    Absent for a week and most likely never to return. Expect him to reappear as another poster, so be wary of anyone suggesting management has done a good job getting Red to where it is today with its state of the art mill and long life mine.

    the cash burn is phenomenal, and I wonder if any corners were cut in the plant's manufacturing. It was a fixed price contract and company awarded the contract would have taken a significant hit in construction costs.

    Who really knows.
 
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