I think the last bounce from the low 1's to 160 was a dead cat bounce... the market thought that it was a possible oversell without necessarily getting any bad news... now after today's report it is clear that RED isn't going to turn around.
I have traded in and out of RED for the last year; but this time I am staying away until this management team gets real.
They need to stop depending on a PR group to write their announcements and start fixing problems; even suspend trading in shares until issues are resolved. Just focus 100% on resolving issues.
I have very little faith in this management team
Good luck to all holders, hope I am proven wrong as it is a story I wanted to believe in.
Ann: Quarterly activities report , page-63
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Last
33.0¢ |
Change
-0.005(1.49%) |
Mkt cap ! $2.244B | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.5¢ | 32.5¢ | $5.433M | 16.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 167813 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 82392 | 4 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| VAU (ASX) Chart |