RED 8.20% 33.0¢ red 5 limited

Ann: Quarterly activities report , page-33

  1. 2,012 Posts.
    The power generator that was purchased new was another stuff up. Common knowledge the grid cant be realied on there but the technical team stuffed this up as well. By memory there was problems during commissioning of the SAG mill and not enough power being generated .

    Once again, the company didnt get the specs right on the equiment side for the start up manual power.

    Really looks like they are either out of their depth on the technical side and start up or have no idea what they are doing.

    Wait for the directors to buy shares into the company if you want to know the problems are truely sorted out. Otherwise trade the highs and lows.
 
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