Not invested in either stock at this stage (GMD Holder) and trying pick the best entry.
Just saw that RED at 31 December 2023 had 256,439 ounces of forward gold contracts outstanding between January 2024
and September 2026 at an average price of A$2,584 per ounce.
That would equate to $153 million impact on potential profit for the merged entity over 2 1/2years.
Might stay out for now and hope GMD dont get involved.
Ann: Red 5 and Silver Lake Resources to Merge, page-151
-
- There are more pages in this discussion • 140 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
36.0¢ |
Change
-0.010(2.70%) |
Mkt cap ! $2.448B | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.8¢ | 36.0¢ | $9.825M | 26.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1862724 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 2312588 | 9 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RED (ASX) Chart |