RED 0.00% 34.5¢ red 5 limited

Hmm...It's looking... possible that RED might actually be close...

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  1. 11,999 Posts.
    lightbulb Created with Sketch. 6765
    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+
    https://hotcopper.com.au/data/attachments/5228/5228541-a143b143914cf2a45f3c0129fd46bbd0.jpg

    https://hotcopper.com.au/data/attachments/5228/5228555-cd173c1b107a6efb2418b84634188572.jpg

    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 what.png
 
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Currently unlisted public company.

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