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43.0¢ red 5 limited

the other miners dont have Red's management history of failure?

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WilliamPike

1,580 Posts.

219

26/09/22

12:17

Post #: 63877781
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Originally posted by MIStragic: ↑

Always qualified my comments by saying that the POG was the final determinant - nothing has changed.
With so little "buying of the dips" relatively small volume will test near support. So, if one is a technical trader, then your "stops" may well be hit, and your selling will occur into a falling market, accelerating the fall. Many a stop will be hit by intraday lows, only to find the closing price is higher.
I have a fundamentals based view on RED, and believe that once fully commissioned, better prices will eventuate.
BUT if gold goes into a very nasty, protracted bear market, even the best gold miners become marginal, and RED SP may be anchored hereabouts.
As I said in my recent comments, the next quarterly report and the one(s) following will be VIP for RED to demonstrate successful, profitable, full commissioning. Till then, I'm holding.
If RED is in trouble, with its proven long life geology and modern plant, whats does that say about higher ASIC operations and wannabe greenfield deposits in Australia and overseas ??

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the other miners dont have Red's management history of failure?

Last edited by WilliamPike: 26/09/22

RED Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 43.0¢		Change 0.005(1.18%)		Mkt cap ! $1.489B

Open	High	Low	Value	Volume
42.5¢	43.3¢	42.0¢	$4.270M	10.00M

Buyers (Bids)

No.	Vol.	Price($)
6	675543	42.5¢

Sellers (Offers)

Price($)	Vol.	No.
43.0¢	430783	8

View Market Depth

No.	Vol.	Price($)
1	2471	0.440
3	46950	0.430
5	111358	0.425
6	406171	0.420
9	270550	0.415

Price($)	Vol.	No.
0.400	12355	2
0.405	2118	1
0.410	6051	1
0.420	1	1
0.425	11233	3

Last trade - 16.10pm 04/06/2024 (20 minute delay)


Last 42.5¢			Change 0.005 ( 0.59 %)
Open	High		Low	Volume
42.0¢	43.3¢		42.0¢	3734044
Last updated 15.59pm 04/06/2024 ?

RED (ASX) Chart

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