RED 0.00% 34.5¢ red 5 limited

I think 'mass panic' is what the company is trying to avoid by...

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  1. 492 Posts.
    I think 'mass panic' is what the company is trying to avoid by keeping the shares suspended. If the share's weren't suspended the share price would be obliterated as the market priced in and waited for a CR and/or possibly worse.

    The catch for the $$$ situation is that mining needs to continue to remove ore to build the larger ROM pad (the 2.5ish month one) to avoid insufficent ore being available for the mill during the wet season. Plus dewatering pumps need to continue to avoid wall stability issues and enable waste to continue to be removed.

    cashflow --> negative
    capital --> limited
    REDs out of pocket to build tailings dam --> unknown
    duration to build tailings dam --> unknown
    duration to income --> unknown

    Side note: margins on REDs shares are being raised
 
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Currently unlisted public company.

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