Looks like the foreshadowed loan has been put in place. This quarter sounds like it’s beginning to draw down on the company’s available liquidity. It was never going to be pretty. A gold loan however is a good option IMO.
Could be an opportunity here in the Dec quarter for a turnaround, especially if the gold price plays along.
Wait for quarterly to wash through IMO. It probably won’t make for good bedtime reading, especially for the folk who like to sleep nice and soundly.
December needs to pull the company up and judging by the accessible grades at Darlot has a good chance to do just that. Just a question of timing IMO.
I wonder why the announcement is not marked as market sensitive on my system? Surely a loan that offers security over some of the company’s assets, even on a limited recourse basis, is market sensitive information. Esh
Ann: Gold loan facility, page-2
-
- 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)
Add RED (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
42.5¢ |
Change
0.005(1.19%) |
Mkt cap ! $2.891B | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 43.5¢ | 41.5¢ | $11.42M | 26.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 222136 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 1437793 | 11 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |