RED 4.82% 39.5¢ red 5 limited

Ann: Investor presentation, page-7

  1. 748 Posts.
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    I would like to think that the market would not react like this due to comments made by a disgruntled, vindictive, former share holder who creates stories to push his own agenda, but the market is, by nature, irrational.
    I find the capital raising story a good example. Not sure what information he has, but cash looks OK to me. Has over $8 mil in bank, $4 mil to come from Au sales, over 6000 oz Au (about $10 mil) in inventory for over $22 mil available cash. There's a drought throughout the southern Phillipines which shows no sign of breaking which gives Red a great chance of meeting, at least guidance.
    It may all go to crap but at the moment, in my opinion, the mining gods are smiling o Red.
 
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40.5¢ 41.0¢ 39.0¢ $9.181M 23.04M

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