I would like to think that the market would not react like this...

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.