Hmm...
It's looking... possible that RED might actually be close to becoming a profitable miner for the first time.
The implication is that guidance for the quarter is 50k+
Will be interesting to see how the traders play with RED. They are so used to it underperforming......
June Q should (.... but nothing is guaranteed with RED!) positive cashflow, but.... still creditors owed a bit, plus debt payments etc.
So cash balance could reduce a bit, but by Sept RED could be quite different.
We will see
Ann: Quarterly activities report, page-9
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Last
37.5¢ |
Change
-0.020(5.06%) |
Mkt cap ! $2.550B | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.8¢ | 36.8¢ | $13.81M | 36.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 2044679 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 571259 | 6 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |