Interesting read, should see production of 70K-80k ounces in...

Interesting read, should see production of 70K-80k ounces in FY18/19.

The big question - what will they do with Siana?
Reading between the lines, it looks like they might consider an offer if it was a good one.

They could then potentially use the Siana proceeds for a further Aussie acquisition, because there are some enticing takeover targets available in the small cap gold space at the moment.

Not sure on the remuneration report yet, seems of for the non-executives though, but the "total" package for the 3 executives is getting up there.

Some of the exploration results have been very good, which gives it some optimism going forward.

Production at the mill has also been good, and is some months has exceeded nameplate.

The $11 million loss is expected in the first year, but it would have been very nice for this to have come in much lower, something like $3 million would have provided more optimism going forward, but they did purchase a few million dollars worth of heavy equipment, and you have to invest in order to progress.

The Bullseye acquisition is never going to happen IMHO, though they are holding on like a rabid dog with a bone.

FY2018/19 looks like being another interesting year for RED.

Gw