Think about this for a moment pinhead, RED's hedge book is already $600 bucks per oz underwater. How deep underwater do you think it will be in 12 months? Add in your debt repayments over the next 2 years on top of the ever increasing sinking hedge position.
How do you think the market is going to view that unless somebody happens to come along to rescue it????
Ann: Red 5 and Silver Lake Resources to Merge, page-162
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Last
32.8¢ |
Change
0.023(7.38%) |
Mkt cap ! $2.210B | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.0¢ | 31.5¢ | $8.137M | 25.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 92 | 3099921 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 4295940 | 130 |
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| Last trade - 15.31pm 13/09/2024 (20 minute delay) ? |
| RED (ASX) Chart |