It looks like the next quarter is still going to be frustrating for this organisation. There financial position is precarious and they still are still looking for a director of operations. They have only 5 million left until they will have to undertake another capital raising. If they need to undergo significant process change they will quickly burn through this cash. What was more disappointing was that this company did not state how much an ounce of gold was going to cost. Can RED 5 still be a low cost gold producer? Over the next couple of months there is going to minimal news as they are going to postpone their exploration program.
It looks like the next quarter is still going to be frustrating...
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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 |