RED 0.00% 34.5¢ red 5 limited

Ann: Divestment of Siana Gold Project, page-38

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  1. 3,808 Posts.
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    William, I am very happy that you stay and post your thinking on RED, even if it is contrary to my own. What I (and obviously others too) are tired of is the repetition of failure by the RED Board to progress Siana and re-open the mine. There are reasons why selling Siana is a reasonable decision just as there were reasons why it made sense for RED to reinvest in Australia when Siana was forced to close. Yes, you have good reasons to as to why you feel aggrieved over Siana but there is nothing that any of us can do about that now and we would rather that you look at whether you can recuperate your losses by staying with RED or whether it is time to move on to another stock. You have nothing to gain by complaining about Siana and by giving it up you are likely to increase your level of endorphins and feel better generally.

    For myself, I am hopeful of a substantial lift in the SP going forward as KOTH is brought into production, even if I have to wait a while longer.

    Last edited by jogo: 30/07/21
 
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