RED's future turns on the upcoming final feasibility study for the expansion of the King of the Hills mine.
I'm expecting that it will incorporate a A$2200+ gold price which may have a shooting the lights out effect .
it will go something like ' geez we're good check out that FFS: NPV of $500million and IRR of 35%'
Will the financially challenged management secure the requisite loan funds of $100m to commit to a final investment decision ?
Maybe. Maybe not.
On the evidence of the dopey bulk forward sales at $2095 I'm anticipating some reservations amongst the would-be financiers.
A takeover is looming as the likely outcome.
- Forums
- ASX - By Stock
- RED
- Ann: Operations, production and guidance update
Ann: Operations, production and guidance update, page-121
Add RED (ASX) to my watchlist
|
|||||
Last
35.0¢ |
Change
-0.020(5.41%) |
Mkt cap ! $2.380B |
Open | High | Low | Value | Volume |
36.0¢ | 36.5¢ | 35.0¢ | $3.637M | 10.28M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
47 | 1232084 | 35.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.5¢ | 509324 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
37 | 906770 | 0.350 |
23 | 792861 | 0.345 |
25 | 2017776 | 0.340 |
23 | 753669 | 0.335 |
34 | 1276973 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.355 | 360752 | 5 |
0.360 | 583303 | 9 |
0.365 | 592250 | 11 |
0.370 | 990275 | 9 |
0.375 | 248865 | 15 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
RED (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online