Yes GF, just what RED realists were hoping for - this is a great...

Yes GF, just what RED realists were hoping for - this is a great announcement that addresses multiple issues and puts down all the hysterical counter narratives that call into question REDs viability, prospects and managerial competence.
A run rate of 200k oz p.a.+ by July at an AISC of less than A$1950 should cause the long awaited "rerate" resulting in a substantial increase in MC.
RED's outstanding short and long term fundamentals include a very clean asset base - the only minor unresolved issue perhaps is the old Darlot plant, which rest assured will be handled in due course by RED's superb BOD and management.
Needless to say, RED's credentials as a logical regional centre for Leonora consolidation rest on the efficiency and production expansion capability of the new KOTH plant - this has been given added credibility by this progress report.
Good luck to those who bought at 18c ... good riddance to those who sold and those "non holder" armchair catastrophists.
RED remains a strong BUY IMHO.