this transitional production strategy ...is it a dressing up of KOTH?. I reserve judgment on this .
There is a truckload of unanticipated developments in this announcement ....and so a 35% sell off does not surprise me.
Incidentally, your earlier posting of the hedging profile into 2021 ..59000 ozs at $2095 = 60% of production makes a nonsense of my $50million in available cashflow. I now revise that to $20million .
When I spoke last year to a RED adviser I was surprised to hear him focus on ' we've got to find more ore for Darlot'. I'm now thinking that the KOTH financing will be easier than sorting Darlot.With a favourable FFS for KOTH Darlot gets forgotten and RED shareprice resumes its climb. But that is the optimist in me talking.
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Last
34.5¢ |
Change
0.010(2.99%) |
Mkt cap ! $2.346B | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 35.5¢ | 33.5¢ | $13.13M | 37.89M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 1581988 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 605979 | 8 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |