These dogs can hardly complain about being kicked to the curb. RED will not be seeking such partners merely for the sake of a larger market cap, no matter how cheap they appear to be - That would be a definite step backwards.
Rather RED will seek a marriage of equals, or RED will look to acquire orphan ore sources in need of a processing solution.
Hasten slowly, for this is a very unforgiving market.
SLR can't see any bargains out there (why else would they be conducting a share buy back).
RMS troubles seem to make it an unsuitable M&A partner ,so patience and very careful due diligence is called for by RED's BOD.
RED's MD, in his upbeat Diggers&Dealers presentation, was bullish about RED's organic growth potential, long mine life & upscale potential of KOTH.
Demonstrating this by aggressive mine plan development and exploration, along with maximal expansion of KOTH capacity will draw interest of others for M&A with RED, as a cornerstone tier one asset. The BOD and management require time and breathing space, they've earned that.
Correction for previous comment - RED's profitability depends on the difference between the A$POG and A$AISC and this could A$800/oz, at present.
(not an ASIC of A$800 - that would be truly remarkable and see RED rerate big time)
Any major correction of these basic parameters will require a recalibration. RED remains a strong buy IMHO.
- Forums
- ASX - By Stock
- Ann: Full year financial results
These dogs can hardly complain about being kicked to the curb....
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RED (ASX) to my watchlist
|
|||||
Last
29.0¢ |
Change
0.005(1.75%) |
Mkt cap ! $1.972B |
Open | High | Low | Value | Volume |
29.5¢ | 30.3¢ | 29.0¢ | $6.962M | 23.72M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 251093 | 29.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.5¢ | 261841 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 251093 | 0.290 |
34 | 2267643 | 0.285 |
29 | 1917716 | 0.280 |
18 | 701273 | 0.275 |
21 | 902449 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.295 | 261841 | 5 |
0.300 | 1419115 | 28 |
0.305 | 1308370 | 12 |
0.310 | 694822 | 8 |
0.315 | 507068 | 5 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
Featured News
RED (ASX) Chart |