Ann: Investor presentation, page-39

SAR presence on the registry, was in the first instance, was to accept shares + cash + delayed payment + a pledge to support the deal by time on the register to give stability and reduce liquidity. That saw RED take KOTH off their hands for a fair price, and RED's (in return) agreed to keep in place most of Gold Fields and SAR's staff that were in place when the deal was struck. In both the Goldfields and the SAR's case, the sell down was motivated by corporate rationalisation .... not an expression of sentiment about RED. By the time of the Goldfields share selldown, RED's performance had resulted in the SP almost tripling from its 5c per share purchase price, and the x6 for SAR is nothing short of a glowing endorsement of the KOTH project and RED's management team. I suggest you read the SAR announcement about the RED share sale, in which it explains its intended use of the funds (to reduce debt) and the fulsome praise of Mark Williams and his staff for the amazing job done in revealing and developing KOTH's potential. If RED knew before hand its highly likely they would have recommended to the ASX a temporary trading halt .... especially if they thought the announcement was going to have a material detrimental effect on the SP !!
Once agin the conspiracy addicts have to manufacture a false crisis. How in gods name are current shareholders disadvantaged by yesterdays announcement ?? Sophisticated investors, quite possibly from North America have endorsed RED as a highly attractive investment by buying at X6 the float price .... they bought existing shares not new ones .... NO dilution, BUT a massive increase in liquidity .... which will aid REDs elevation into the ASX300 ... which will almost certainly result in continued SP upward momentum.
Also, Cannacord (almost certainly) will now officially cover RED and other brokers will almost certainly follow suit and the resulting wide (professional, serious) analyst coverage will result in more buying. SAR presence on the share registry did not add a premium ... only some uncertainty ... this has been resolved very positively!
Todays POG is A$2350 ..... refer to slide 21 of the latest presentation .... 40% of the next 2 year already hedged at $2000/oz ... be calm, be cool.