RED 1.20% 41.0¢ red 5 limited

Ann: Solid start at King of the Hills with ramp-up on track, page-67

  1. 2,347 Posts.
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    All Aussie golds were down on Friday by as much as 2% but, despite the last couple of days of POG positivity, sentiment remains bearish.
    Looking at the IOUSA$ gold chart, one can see how important 1900 and especially 1800 supports were, with big red candles crashing thru and establishing downward momentum. So, if the rebound fails to overcome 1800 resistance, the bearish downtrend will continue and test 1680 support.

    Despite many quality ASX gold miner being very profitable above A$2200, 2400 is an important support level, psychologically, and a breakdodwn below this would lock SP's in the "undervalued" (unwanted) zone...... except by acquirer's looking for cheap, long term, quality assets.

    Until positive sentiment returns credit will not flow into the sector, especially in a greatly inflated costs situation and many proposed projects will be still born for several years. So, KOTH, on time and on budget is in a very advantageous position to ramp up while wannabes flounder.

    Patience friends, patience - the ship is very sound, a superb performer ...all it needs is some good weather, to outperform ... the POG is now the main variable. The market will react to full commissioning and the SP should firm towards 30c, even in a negative gold price scenario IMHO.
    Any serious long term investor gold miners surely appreciates RED's long term value, now on special .... its a Strong Buy !!
    https://hotcopper.com.au/data/attachments/4528/4528425-c66faa262bb33d8a9faa78a376983905.jpg
    https://hotcopper.com.au/data/attachments/4528/4528433-c39fb3b3ef5c248b264f01a7ebf41a27.jpg
 
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Last
41.0¢
Change
-0.005(1.20%)
Mkt cap ! $2.772B
Open High Low Value Volume
40.0¢ 41.3¢ 39.5¢ $2.871M 7.107M

Buyers (Bids)

No. Vol. Price($)
58 1682854 40.5¢
 

Sellers (Offers)

Price($) Vol. No.
41.0¢ 986583 27
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Last trade - 12.45pm 19/07/2024 (20 minute delay) ?
RED (ASX) Chart
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