RED 0.00% 34.5¢ red 5 limited

With the full year results announced a couple days ago and the...

  1. 616 Posts.
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    With the full year results announced a couple days ago and the volume of shares traded since we have only seen the beginning of the share price heading upwards. I see a company potentially buying up shares to get is it 5 or 10% before you can announce a take over offer. The Full year results and single line trades up to 8,000,000 shares per trade tells me a company is accumulating as fast as they can which may take them a month or two to make that announcement. I reckon once we get to .35 cents an announcement will be made for a take over at .42.5 cents.
 
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