I dunno, good to hear the downside case. though a lot of goldies are in fact up a lot since the gold price started to rise around October. even RED is up ~25% from it’s post CR lows.
I think a takeover at 30-40c is the upside case but it’s nice to daydream. a lot would have to go right, production guidance achieved, gold price tailwinds, a bidding war like sbm-gmd-slr etc.
More realistically, SP in low 20’s after the June quarter. then a 40% premium gets it to ~30c. Most shareholders would be averaging less than 30c so this would probably do it.
just my thoughts.
Ann: Record monthly gold production at King of the Hills, page-57
-
- There are more pages in this discussion • 136 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RED (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
35.0¢ |
Change
-0.020(5.41%) |
Mkt cap ! $2.380B | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 36.5¢ | 35.0¢ | $3.637M | 10.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 1232084 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 509324 | 8 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |