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

RED

Click for more information

5.06%

37.5¢ red 5 limited

Ann: Operations, production and guidance update, page-89

First 89 Last

Share
Profile

Follow
waltavoc

1,295 Posts.

79

25/06/20

18:13

Post #: 45454632
Share

Originally posted by eastwest101 ↑

Well - it looks like Darlot's operational performance is trash, massive ore grade dilution reducing head grade, operational crusher problems in the mill all equal less gold being produced, sky high AISC and their hedging has removed all the upside from any breakout in the AUD price of gold. Darlot looking like one giant money eating machine at the moment, lots of time and effort expended to produce no profits.

That release was horrible reading with no attempt to dress up or gild the lilly on recent performance, lots of issues to fix up and even if they do fix them all you have to bet that no new ones pop up.

This stock is a total problem child to own, and a headache that has to be closely monitored at all times and watched like a hawk, with one finger on the sell button and another on the buy button! With almost no upside to a rise in price of gold, and management that are suspiciously slow with "bad news" compared to other gold producers, you would have to be a masochist to long term buy and hold RED at the moment.

Still have a small holding in this but I will be using the @brianchu82 approach to exit from this PITA within its expected trading band.

Expand

This stock is a total problem child to own..........

Has been for 10 years.

RED Price at posting: 19.5¢ Sentiment: Sell Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Nine's staff strike as Paris Olympic coverage begins

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

There are more pages in this discussion • 32 more messages in this thread...

First 89 Last

Add RED (ASX) to my watchlist

(20min delay)
Last 37.5¢		Change -0.020(5.06%)		Mkt cap ! $2.550B

Open	High	Low	Value	Volume
39.0¢	39.8¢	37.5¢	$5.651M	14.77M

Buyers (Bids)

No.	Vol.	Price($)
73	1988767	37.5¢

Sellers (Offers)

Price($)	Vol.	No.
38.0¢	2586332	76

View Market Depth

No.	Vol.	Price($)
72	1983022	0.375
47	1988637	0.370
29	1348951	0.365
31	1125869	0.360
15	589200	0.355

Price($)	Vol.	No.
0.380	2586331	76
0.385	2187866	47
0.390	1300050	17
0.395	1225295	20
0.400	1076862	18

Last trade - 13.57pm 26/07/2024 (20 minute delay)

RED (ASX) Chart