RED 1.18% 43.0¢ red 5 limited

To paraphrase Maynard Keynes "when the facts change, I change my...

  1. 2,270 Posts.
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    To paraphrase Maynard Keynes "when the facts change, I change my mind ... what do you do? " In case you haven't noticed, a new pandemic started in 2020 and the gold price came off the boil. To make matters worse, a brief Stockmarket crash in March markedly affected RED and its CR.
    In December 20 - Jan 21, the banks due diligence was delayed by COVID travel restrictions leading to a SP knockdown and another CR.
    Now, the COVID restrictions have lead to skilled labour shortages that are impacting on WA miners like SLR but there are no reports (yet) of KOTH's construction being affected, on the contrary, things going on time and under budget .... its a priority prestigious project for all contractors involved.
    But if, as analysts expect, the project risk rating evaporates by first gold pour ( if not before ) the 40c+ per share is predicted = A$1bn MC.
    Obviously, if the gold price collapses then all bets will have to be severely modified ....but with inflation well and truly out in the open thats unlikely (?)
    If you're so unconvinced about the project, management (who are widely highly regarded) and the value of the company, why are you still here ???
 
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Last
43.0¢
Change
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Mkt cap ! $1.480B
Open High Low Value Volume
42.5¢ 43.0¢ 41.8¢ $5.257M 12.35M

Buyers (Bids)

No. Vol. Price($)
5 250587 42.5¢
 

Sellers (Offers)

Price($) Vol. No.
43.5¢ 879893 12
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Last trade - 16.10pm 06/05/2024 (20 minute delay) ?
Last
43.0¢
  Change
0.005 ( 1.65 %)
Open High Low Volume
42.0¢ 43.0¢ 41.8¢ 4977794
Last updated 15.59pm 06/05/2024 ?
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