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34.5¢ red 5 limited

Ann: Record monthly gold production at King of the Hills, page-55

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grindstone cowboy

21,536 Posts.

139

11/05/23

18:44

Post #: 67729691
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Originally posted by loki01: ↑

The share price could struggle over the next 6-7 weeks due to tax loss selling, the sell in May notion, an expected pullback in the USD POG (no idea what the AUD POG would do) leading to a general selloff in goldies, a possible significant fall in US equities that would also lead to a drop in goldie prices. I am looking forward to the next quarterly report to see how it has been performing at full steam.

The issue for RED is its ability to generate sufficient operating margin to meet its outlays/debt, in the face of the problem hedging arrangements.

I doubt there is any suppression of RED's share price - most of its problems are self induced. Other goldies are also being sold down. If it gets into trouble then I expect there would be a takeover, but that could be below the current share price and would be dependent on circumstances.

GLA

loki

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every company listed has shareholders on HotCopper imagining a secret cabal of conspirators scheming to force a SP lower by selling down in the hope of buying back cheaper.
i dont buy it (pun intended)

Last edited by grindstone cowboy: 11/05/23

RED Price at posting: 16.5¢ Sentiment: None Disclosure: Held
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0 Great analysis

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