SLR+RED is not just idle HC speculation, SLR bought 10% of RED the other week.
But I’m not convinced SLR is good for RED, the hedged and debt will be gone soon enough in comparison to our long mine life. I’d like to see the hedges bought out and continued accelerated debt repayments, but we’re not desperate to do this. Also I guess we have our own tax losses from development capex which should see us pay no income tax for a year or two.
Happy to run our own race and build value over coming quarters. This was a great quarterly result, in line to meet the upper end of guidance ounces and lower end on costs.
SLR+RED is not just idle HC speculation, SLR bought 10% of RED...
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Last
30.5¢ |
Change
0.015(5.17%) |
Mkt cap ! $2.074B | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 31.5¢ | 29.0¢ | $6.131M | 20.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1710117 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 290135 | 11 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| RED (ASX) Chart |