Agreed, market is down, plus gold price is lacklustre and still in its seasonal low period. That puts a dampener on today's announcement.
But several good news announcements from RED are adding credence to the argument that they have got their act together. To be fair, it's not unusual for companies to stumble when they are bringing on new production.
The positive news from today will see share price rise when gold price comes out of its mid-year doldrums.
Ann: Red 5 delivers 102,572 ounces for half year to 30 June 2023, page-28
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