RED 2.44% 42.0¢ red 5 limited

Ann: Investor presentation-RED.AX, page-23

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    History has shown that RED is reluctant to release negative information to the market; one has only to look at the west view images of the open pit to see that; can't take images of the east wall failure zone; why? Something to hide? Is it about credibility / accountability?

    The outgoing cap exp cash flow gives a good guide as to accountability and with it the positive only reporting style is shot to pieces; as for credibility one could measure it on a scale of 1 to 10; alas I have zero thoughts about this.
 
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