RED 2.44% 42.0¢ red 5 limited

Ann: Quarterly activities report , page-4

  1. 225 Posts.
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    The shareholders of this Company have not been well informed by their management.
    On last June Quarterly 2012 issued 31/7/2012 the chairman said"Company management now believe that sufficient silt will be removed from northern end of the pit imminently to allow full scale mining of the 70 metre wide orebody to commoece."
    Well 3 months later not much has changed and they have produced only 3369 onuces of gold.
    "Gold productionfor the month of October has also disappointed,"
    Well I hope we get a takeover soon!

 
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