As I write, RED has touched 26.5c - hmmm - seems 25c is becoming support with near resistance 30c ??
Meanwhile GMD MC is over A$1.72bn (!) (???)
Clearly, some accumulation is going on, and with rumours that GMD will go into the ASX200 ( while poor old yesterdays hero SLR MC languishes), it may herald RED's elevation in various index funds ??
If the POG remains bullish and if the market doesn't tank and if RED's next quarterly confirms (or god forbid) exceeds guidance, then the rerate is happening ... faster than many conservative RED supporters expected.
Now, will GMD gather enough support to make a bold Leonora regional consolidation involving RED ??
That would create a Saracen Mark 2 , with a MC of A$4bn ??
Ann: Red5 FY23 Financial Results Presentation, page-54
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Last
35.0¢ |
Change
0.005(1.45%) |
Mkt cap ! $2.380B | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 36.0¢ | 34.8¢ | $7.381M | 20.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 500592 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 479161 | 12 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |