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RED

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41.5¢ red 5 limited

RED is now defending 16c support Here we go again. Two weeks ago...

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bentleigh

405 Posts.

56

11/10/22

10:10

Post #: 64132263
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Originally posted by MIStragic: ↑

While the MSM bangs on about the US$ gold price, the A$POG remains elevated and in the profit zone. The A$ fall is maintaining gold's purchasing power. Many gold miners SP were whacked yesterday, and further erosion seems likely - some more than others.
SLR retreated from its 20% rebound, BUT is rated a "Strong Buy" by analysts, with SP targets almost double.
SBM was down 7% and may test the September 5yr low of 67c - wow - its SP was 458c in 2019 = > 80% decline.
RED is now defending 16c support - if the commissioning and production setback on track, as promised, the rerate will come and SP will rebound.
From where I sit, SMB needs RED way more than RED needs SBM. A merged RED/SBM would see both prices more than double IMHO.
A KOTH plant supercharged with high grade ore from Gwalia would become a profit monster.
RED remains a Strong HOLD and a great long term Buy .... IMHO .... DYOR.

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RED is now defending 16c support

Here we go again. Two weeks ago it was 20 cents, previously 25, 30 and even 35 from memory.

Play it safe and try 10

RED Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 41.5¢		Change -0.035(7.78%)		Mkt cap ! $1.437B

Open	High	Low	Value	Volume
43.5¢	43.5¢	41.5¢	$6.599M	15.58M

Buyers (Bids)

No.	Vol.	Price($)
11	671644	41.5¢

Sellers (Offers)

Price($)	Vol.	No.
42.0¢	48727	2

View Market Depth

No.	Vol.	Price($)
11	671644	0.415
11	1000445	0.410
6	223323	0.405
20	638674	0.400
3	302495	0.395

Price($)	Vol.	No.
0.420	48727	2
0.425	366559	9
0.430	785595	9
0.435	162814	2
0.440	174649	3

Last trade - 16.10pm 01/05/2024 (20 minute delay)


Last 41.8¢			Change -0.035 ( 7.24 %)
Open	High		Low	Volume
43.3¢	43.5¢		41.8¢	6182734
Last updated 15.59pm 01/05/2024 ?

RED (ASX) Chart

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