Ann: Quarterly activities report , page-60

My goodness, a lot of discussion on RED today!

Today's drop stung, but remember last month RED fell from around $1.55 to $1.20 over two days after bad news that the silt removal took longer than expected. RED jumped above $1.65 within 2-3 weeks. Now, its machinery failure and (previously suspected) tight cash situation.

We can dissect the causes (poor mgt vs poor equipment vs poor process) and worry about another credit raising. But in the end it will be about when RED finally has the right people, processes (from Renoir Group), and working equipment in place to get this business humming.

In spite of the ongoing letdowns, and likely more setbacks to come (rain, more equipment issues?), RED will produce and the share price will rise...again.

At least, that's my opinion. Please DYOR.