The only reason that they will sell the Shares at these prices ,...

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albatrosss

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07/08/24

10:01

Post #: 75103651
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Originally posted by Samscout: ↑

Not sure what you are talking about - the slide says Crawl - Walk - Run.

I thought it was a positive presentation from the slides at least. Happy to get feedback from people who attended.

Good to see that they are quoting potential efficiency gains of 8% at KOTH. If that was to happen it would add another 16,000 plus ounces to production or another $50-60 million to the bottom line at todays prices.

Also seem confident of further high grade discoveries which is good insofar it can lift grade and hence production for no further costs. Also good to see that further drilling is on the cards.

Sugar Zone is immaterial in many respects. Tonkin is lucky gold prices are $1,000 an ounce higher now than when he bought it so at least it should pay its way if not make a profit. Either way sell it or operate it but don't leave it idle. If they can't make money at $3,700 from it they never will.@BullishBearish where do you get 7g/t from? That's a lot higher than the previous grade of 5g/t? I'm working on 5 grams to get 55,000 ounces or thereabouts?

Expecting a maiden resource from Spanish Galleon which will be interesting. Flora Dora and Daisy should also be upgraded given high quality drills results from Sept 23 quarter.

I will be very pissed if RED sell the treasury shares at current prices. I would prefer they be cancelled. The company should be able to have $500 million in the bank by year end so they don't need the cash.

Current share price is a bummer given the strong position and opportunities that Red has. Red is off 15% in the last week alone which doesn't make a lot of sense in spite of sell off. I do worry that management will screw shareholders again by gifting the stock away below value. Having said that I'm happy for more M&A provided its not to our disadvantage.

Looking forward to this years guidance with the Annual report. Shorters can have a field day with current uncertainty around forecast.

GLTA/IMHO

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The only reason that they will sell the Shares at these prices , is corruption.
Nobody could be that incompetent or stupid to monetise the shares.
So watch that space.
Will white collar crime come to the fore?

RED Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
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