Ann: Diggers & Dealers Mining Forum presentation, page-66

When RED's "lifestyle management (LSM) " acquired Darlot and KOTH in November 2017, the POG was approx A$1650, and didn't crack A$1800 till 2019.
Yet despite these low POG, the LSM managed to squeeze profits out of decrepit Darlot and reveal the enormous potential of KOTH. Now it appears the POG pull back is over and A$2200 confirmed as strong support, and A$2400 is tentative support. This morning RED's SP hit 20c on relatively light volume. If as I suspect, most shares are in tight hands, and if the POG rally continues, and the milestones keep being hit, then RED's re-rate may occur sooner than sceptics believe possible. At these prices, with a SIana solution and Darlot rationalisation achieved, a fully funded RED looks extremely undervalued, and dare I say a target for M&A. Mid Tiers like SLR and RMS are struggling and each could do with an additional production centre to become a genuine long life powerhouse. Like SLT + Doray, RED + GOK new company will be greater than the sum of the parts.
Crazy market with lots of retail mania. RED, GPR and G1A are my sound sleep stocks, while my coal and lithium are very profitable shorter term plays. Keep Cool, get vaccinated and prepare for some volatility in the coming months.