@MIStragic
Yup .......agree with your comments.
I do think management have done the job so far to the best of their ability.
They switched their focus from Phillipines to Australia just in time otherwise the holders would have to be at the mercy of the Phillipines government and there would be no buyer for their shares at any price.
Hat's off to RED5 management.
After taking a loss on their Phillipine venture, I once again took a position on the basis of Australian operation and with the belief that RED5 will offload the Phillipines operation to a third party(if anyone would buy).
But today's announcement tells me there is little upside for the next 6-9 months. The big money is not interested in companies like RED5 and is unto us little players to bid the price. With this hiccup can't see that happening in a hurry. If for some reason gold spikes above 1400 then that is a whole different game.
I'll wait for the 5 cent'rs to sell.
@MIStragic Yup .......agree with your comments. I do think...
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Last
42.0¢ |
Change
0.010(2.44%) |
Mkt cap ! $2.857B | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 43.0¢ | 40.5¢ | $55.01M | 131.2M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 136340 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 2109264 | 10 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| RED (ASX) Chart |