I don't know.
Consolidation of Leonora is already underway, but I think people would be waiting to see what RED do production wise over the next 6 to 9months.
If I was going to put my money into it, I would need to see that they can control their cost base over the next quarter. If their total spend is under $100M I think they could be on their way to turnaround the asset.
The RED share price always performs well post raising, so I wouldn't be surprised if they do raise again to give themselves a cash buffer.
I don't know. Consolidation of Leonora is already underway, but...
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Last
38.0¢ |
Change
0.005(1.33%) |
Mkt cap ! $2.584B | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.3¢ | 37.5¢ | $4.917M | 12.87M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 829483 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 82569 | 2 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |