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4.73%

35.3¢ red 5 limited

Luke will use his cool but rather tyrannical hand to pass over...

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Joelstar

3,777 Posts.

2506

24/04/24

16:16

Post #: 73501532
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Originally posted by MIStragic: ↑

I suppose you can't blame the BOD for listing these, as it was the very same that lead to the last (final) CR that shattered the BOD's credibility ??
Once the new BOD and MD are installed post merger, these items will disappear from the conversation ??
Both RED and SLR quarterlies are bullish and underlie the enormous cash and cash generating capacities of the new merged entity ??
Hence when the market realises the synergies of the merger entity, the sum of the parts will be exceeded the rerated big RED market cap ??
The value of the merger entity will of course depend on the POG remaining strong and the general market not crashing in a 2008 redux.
When the merged entity presents at Diggers & Dealers this year, with Cool Hand Luke presenting, will RED finally get "miner of the year award" ??

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Luke will use his cool but rather tyrannical hand to pass over the baton over to Rails Finlayson.
Luke will then just float off into the sunset, riding atop a rather plump pile of compounded vested options.

RED Price at posting: 43.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 35.3¢		Change -0.018(4.73%)		Mkt cap ! $2.414B

Open	High	Low	Value	Volume
37.0¢	37.0¢	35.0¢	$9.456M	26.38M

Buyers (Bids)

No.	Vol.	Price($)
109	3015232	35.0¢

Sellers (Offers)

Price($)	Vol.	No.
35.5¢	519570	44

View Market Depth

No.	Vol.	Price($)
106	2919631	0.350
34	1287308	0.345
19	1323196	0.340
12	573963	0.335
8	159469	0.330

Price($)	Vol.	No.
0.355	589701	43
0.360	1243783	47
0.365	701566	19
0.370	722607	18
0.375	626228	11

Last trade - 14.10pm 27/06/2024 (20 minute delay)

RED (ASX) Chart