Ann: Sprott facility drawdown , page-12

matt

I agree that $1.20 was a bargain price, and I did add to my holding at that level and have done so since so that my average came down to $1.40.

RED now represents 25% of my portfolio so at some stage I will sell some shares in order to bring it into some sort of balance. Somewhere above $2.50 would be a price I would consider selling a few. There are very few really low cost producers in our goldie universe so I will only buy something else that is clearly undervalued.

One thing that really interests me is what their exploration may find in the vicinity of the mine - there were some good drill results but they did not have the funds to do follow up drilling. This should be remedied soon.

It looks like the price has stabilised for now.

The market will do whatever at any point in time, but eventually the fundamentals will assert themselves.

loki