RED 5.41% 35.0¢ red 5 limited

Ann: Red5 FY23 Financial Results Presentation, page-60

  1. 284 Posts.
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    Another brilliant finish. l like these small incremental increases because to my mind there is less liklihood of a large retrace on profit taking. Obviously there are daily profit takers at every pip, but they are getting absorbed into the daily volumes and dare l say it - getting left behind.

    lmagine how Red will perform in 2024 if a severe U.S. recession and general world contageon kicks in? Chinas Evergrande propert collapse is exposing European lenders to substantial write offs as we speak and Europe generally is very weak. A great environment for substantial gold price appreciation l think. 2024 is going to be our defining moment if recession and interest rate cuts kick back in. This current share price increase is just a prelude to the main event. Fabulous.
 
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35.0¢
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36.0¢ 36.5¢ 35.0¢ $3.637M 10.28M

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47 1232084 35.0¢
 

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35.5¢ 509324 8
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