I'm here ladies and gentlemen, havn't had much to comment on since the crap hit the fan. Watching events as they unfold. Trying to read as much commentary as I can.
As Wisky49 commented, this is a prudent move by Red management. We are in uncharted waters. No one could have imagined a virus would start a medical, social, and financial calamity. This is the ultimate "black swan". The perfect storm.
Central banks are now working overtime to keep the money markets open. How long they can do so is anyone's guess. Capital on RED's BS now will allow us to forge on with the development of KOTH. Downside is the share dilution. Upside is that we pour our first gold from KOTH with minimal debt. I'm happy to be involved in the CR.
Getting back to whats down the track in regards to RED. Great Western option expires in two weeks. Will be interesting to see what comes of this. Hopefully an addition to our growing asset base.
Ann: Trading Halt, page-48
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Last
35.0¢ |
Change
0.005(1.45%) |
Mkt cap ! $2.380B | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 36.0¢ | 34.8¢ | $7.381M | 20.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 500592 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 479161 | 12 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |