I find the above posts compelling as they effectively state the debate in my own mind on whether to sell, hold, or buy more on any dip because of the minor dilution. It is useless for my decision-making that I am in FULL agreement with both sides.
I'll step back, having ruled out sell, and let the dual combination of the POG and ASX signal what to do. NB: a long weekend begins in the US early our Saturday morning; therefore no solid (in fact maybe bearish) signal until Tuesday trading.
OV
PS In a rising POG market, with a greatly expanding imminent producer, in a safe jurisdiction (CoVid + Law + Political = $) it would be imprudent for me to sell RED.
Ann: Proposed issue of Securities - RED, page-9
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Last
42.0¢ |
Change
0.010(2.44%) |
Mkt cap ! $2.857B | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 43.0¢ | 40.5¢ | $55.01M | 131.2M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 136340 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 2109264 | 10 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| RED (ASX) Chart |