Orchestrated or not ... does it matter to medium term holders who think that this company has a much bigger future, and gold price permitting, sell has much SP appreciation. I remember various true believers selling a lot when the SP hit the previous key resistance of 16c .... yes it did fall back to below 12c for a short while, but who can confident that they can regain a big holding, when this stock is primed for liftoff ? If there's positive news on Siana, or further resource and drilling updates or M&A emerges, then sidelines will miss out on the last big upsurge .... I expect the retracement to occur on low volume, and any large offering to be snapped up by under invested institutions who understand the incredible fundamental potential of RED5 ..... RED50? ..... or SAR ??
PS does anyone know what RED's carry forward losses are ? .... add these as attractions in addition to RED's 3 mines, 2 gold plants, very small debt and cash surplus ... cheap at twice the current SP !
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Last
35.0¢ |
Change
0.005(1.45%) |
Mkt cap ! $2.380B |
Open | High | Low | Value | Volume |
35.5¢ | 36.0¢ | 34.8¢ | $7.381M | 20.99M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 500592 | 35.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.5¢ | 479161 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 106421 | 0.350 |
13 | 386352 | 0.345 |
29 | 2197410 | 0.340 |
34 | 1542563 | 0.335 |
35 | 1256783 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.355 | 364767 | 8 |
0.360 | 689961 | 15 |
0.365 | 629911 | 14 |
0.370 | 727846 | 7 |
0.375 | 829372 | 13 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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RED (ASX) Chart |