RED 2.99% 34.5¢ red 5 limited

Ann: Quarterly activities report, page-2

  1. 2,364 Posts.
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    The progress has been amazing .... they are making a silk purse out of SAR & Goldfields discards, and they are making the staff they inherited from the former owners happy with the extent and probable duration of well remunerated employment BUT BUT will there be any proceeds of the RED's endeavours be left over for shareholders, or will RED be yet another example of profitless prosperity?

     Obviously dividends are way off, but a breakthrough on SIana might put a rocket under the SP - after all, at present, the market is giving zero value to Siana, and not much to Darlot as the latter is perceived as a high cost / short mine life operation (profitless prosperity). Anything that substantially changes these latter parameters will result in a big re-rate ..... I know that Col is going to tell me that I'm dreaming but, that's the current lot for RED holders .... its enough to make an atheist pray. One more thing, I still think RED is a BUY albeit a very speculative one.

 
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34.0¢ 35.5¢ 33.5¢ $13.13M 37.89M

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No. Vol. Price($)
27 1581988 34.0¢
 

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35.0¢ 605979 8
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