RED5 will have their share price pegged at between and $0.125 and $0.155 over the next 6 months. (regardless of record oz produced. lets remember they have Hedged at $2300/$2450 from memory so with gold at $3000 aud at present they are missing out of $600 for every oz under the Hedge contract.)
We would be lucky to get between $0.20 to $0.25 a share when GMD strike.
for the record I hold both GMD and RED
RED Price at posting:
15.5¢ Sentiment: None Disclosure: Held
