Only a month away from Xmas - that lovely Christianised pagan festival, that should be good as gold this year ?
According to the boys from Money Miners, the 'short GMD' 'long RED' will be resolved next year ?? (GMD is the most shorted stock)
If these POG's are maintained, and the RED ramp up (production not stock per say) then by the end of the 1st Qrt 2024, the rerate will be almost complete.
A complete rerate requires the debt reduction to a 'credit facility, there hedging impediment to be overcome one way or another, and then the ultimate Leonora consolidation .... IMHO.
Meanwhile RED remains a very safe HOLD.
Only a month away from Xmas - that lovely Christianised pagan...
Add RED (ASX) to my watchlist
 (20min delay)
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Last
42.5¢ |
Change
0.005(1.19%) |
Mkt cap ! $2.891B | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 43.5¢ | 41.5¢ | $11.42M | 26.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 222136 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 1437793 | 11 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |