" fancy giving away that stock for 34c/share - thats equivalent to 116c for SLR holders ".... reality check - SLR has ceased to exist, so this is a nonsensical statement - RED's dynamic new management has resolved a big problem by eliminating this share overhand with one swoop.
Living in the past in a perpetual state of grievance is psychopathological ..... how long will RED SH's have to put up with the endless mourning ?
The size of the former SLR share holding always made a clean, whole of lot sale problematic - so some discount was unavoidable, especially at a time of great market volatility, when the gold sector had waned from recent highs.
Rest assured, the entity who purchased the lot would be large and sophisticated, and would be convinced of the soundness of RED's assets and its management, and will likely be longer term holders ...... 50c 12 month target ?
Meanwhile the gold price remains in high profit zone ..... US$ POG up 1.77% ( ! ) and A$POG up a mere 0.56%
Ann: Investor Presentation - Diggers and Dealers, page-61
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Last
33.0¢ |
Change
0.025(8.20%) |
Mkt cap ! $2.244B | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.5¢ | 31.5¢ | $12.73M | 39.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 1931022 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 748069 | 3 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| RED (ASX) Chart |