Interesting from a business point of view that last FY, with an ASIC of A$1600 and an average POG of A$1850 our margin was A$250. Into the first Q of this FY, with a forecast medium ASIC of A$1475, and a POG presently above A$2050 our margin has more than doubled to A$575. Which my own business had a margin increase of this magnitude. Would be rolling in money. Hopefully this is the real deal in the bull market POG. As the world financial markets start to show major cracks there should be little reason for a retrace.
As for the August announcements, hopefully programmed for delivery to coincide with the D&D conference, IMO this will be a paradign shift for RED 5 as we move from a junior miner to a mid tier miner. Looking for a A$1 share price within two years.
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Price($) | Vol. | No. |
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