Australia's largest stock trading and investment forum Australia's #1 stock forum

RED

Click for more information

1.18%

43.0¢ red 5 limited

Both trade payables and receivables fluctuate.Show me another...

First 5 Last

Share
Profile

Follow
Joelstar

3,479 Posts.

2293

24/04/24

13:30

Post #: 73497538
Share

Originally posted by Patron: ↑

Surely all that really matters is that trade payables are on normal terms, as they have consistently said for the last several quarters, and there's no reason not to believe them.

The thing about trade payables is they will normally fluctuate, e.g. this quarter waste stripping accelerated so trade payables will naturally be significantly higher. Now if they showed a higher trade payables number it could be misleading because everyone would jump up and down and worry things are getting out of hand. But things are not getting out of hand, even with the accelerated waste stripping we're still repaying debt as scheduled and banking cash.

I sold down 1/3 of my stake yesterday taking profits, my average price is 15c after all. I wish I'd held on a bit longer! I always pick the wrong time to sell, at least now that I've sold a little bit you all can be sure the share price will rally to new highs! lol.

Expand

Both trade payables and receivables fluctuate.
Show me another Australia domiciled miner that lists trade receivables as a liquid asset at the end of every quarter?

Last edited by Joelstar: 24/04/24

RED Price at posting: 43.8¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 6 more messages in this thread...

First 5 Last

Add RED (ASX) to my watchlist

(20min delay)
Last 43.0¢		Change 0.005(1.18%)		Mkt cap ! $1.489B

Open	High	Low	Value	Volume
42.5¢	43.0¢	41.8¢	$5.257M	12.35M

Buyers (Bids)

No.	Vol.	Price($)
5	250587	42.5¢

Sellers (Offers)

Price($)	Vol.	No.
43.5¢	879893	12

View Market Depth

No.	Vol.	Price($)
5	250587	0.425
14	740873	0.420
10	817747	0.415
8	180383	0.410
7	271197	0.405

Price($)	Vol.	No.
0.435	879893	12
0.440	653920	11
0.445	365234	5
0.450	1690727	16
0.455	697571	8

Last trade - 16.10pm 06/05/2024 (20 minute delay)


Last 43.0¢			Change 0.005 ( 1.65 %)
Open	High		Low	Volume
42.0¢	43.0¢		41.8¢	4977794
Last updated 15.59pm 06/05/2024 ?

RED (ASX) Chart

SPONSORED BY