RED 2.70% 36.0¢ red 5 limited

RED's SP has been frozen for the duration of this "merger"...

  1. 2,337 Posts.
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    RED's SP has been frozen for the duration of this "merger" (reverse takeover) heist is resolved - currently many miners are down because with the (artificial) strengthening of the IOUSA $, all commodities (which are priced in US$) are down somewhat ....
    I was signalling that technically, RED had reached a cap (before the surprise announcement) and was taken to task by RED uber optimists ... well not even I thought that such perfidy was at hand ... as my ' trouble & strife ' says, you never go broke taking a profit, and you may go broke not taking profits.
    Until this imbroglio is resolved, RED's SP is stuck between 30-33c it would seem.
    As for the anomaly of SLR SP going down (after it had been pumped up) should not be surprising - the market has immediately discounted this deal.
    Lets hope the deal doesn't go through so that MW won't have to endure one final humiliation of being at the first meeting of Silver RED chaired by mining's Francis Urquhart ( FU to his friends )

    https://hotcopper.com.au/data/attachments/5942/5942332-570e0c6bb324922941c932b446747661.jpg

 
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