Interesting day - most golds down - GMD down 7.19% (shorters picnic? ) CMM down 2.12%, SLR unchanged at 88.5c (near year lows) PNR down a further 2.56% (to a 10yr low !! ) NST down 1.11% (was A$14.35 6 month ago now A$10.73 - ouch ) NCM down 2.09% GOR up 0.3% (but hasn't done much for the last 3yrs) WGX down 0.28% but almost double since Dec'22 .....
BUT RED5 up a further 1.82% to a 12 month new high ..... WTF is going on ?
Is this a slow moving rerate or is there further action a foot ??
For RED optimists digging up MW quotes like "he expected RED to eventually have a similar MC to GOR" .... after debt repaid and hedging closed and presuming a good gold price and KOTH continues to exceed guidelines ..... so bearing in mind analysts SP targets are 31-34c without a TO .... BUT if a TO emerges by GOK, a TO premium gives 40c+ if a bidding war breaks out ??
Interesting day - most golds down - GMD down 7.19% (shorters...
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Last
37.5¢ |
Change
0.005(1.35%) |
Mkt cap ! $2.550B | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.0¢ | 37.0¢ | $5.609M | 14.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 311637 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 1805403 | 9 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |