RED about to get $19m in the tin from sale of Philippine...

First 31 Last

Share
Profile

Follow
VillaBoy

785 Posts.

177

30/07/21

08:01

Post #: 54888404
Share

Originally posted by mode1971: ↑

Thriftynifty, I'm pretty confident red will move next year.

At the moment there spending money, but come June next year, they start banking money to the tune of nearly 10m a month.

They have to spend it and buying ozs is my bet.

If tnr can get, say 600k oz between Mt stirling and hydra, and shallow, that adds 3 years to reds mine life.

Also much of koth is open facing Tnrs leases, plus they have added a few satellite deposits Tnrs direction.

Most are sub 100k a deposits, so if tnr had 600k oz, that would be 6x reds satellites.

There are many players in the area, but none have a plant 15km away with 2mtpa extra capacity.

There is a reason why red oversized there plant to the tune of producing 150k oz more each year. Why?

Maybe tnr jv zuleika, jv monger, selling malcolm is just coinsidense.

Still what tnr has cleared off, red would not want.

Tnr is 23m cap, at this cap 3 months of reds projected cash for a T/O. No financial stretch at all.

Also tnr has 20m tax saving equivilant in accumulated losses, next year red starts generating serious profits, so a nice tax reducer there

Effectively Valuing tnr at 3m if tnr stays this low cap.

It does all hinge on how many ozs tnr gets and if there shallow and easy get.

Also it's only a hypothesis, red may not buy.

I hold red as well as tnr. Red because 1.6b free cash over LOM makes it a future cashcow.

Expand

RED about to get $19m in the tin from sale of Philippine interests...

TNR Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

OCT

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

ARV

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

IMA

Issues emerging as Australian companies tackle critical minerals challenge

ARB

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Tonight's US CPI data could set the tone for November. What are markets expecting?

There are more pages in this discussion • 23 more messages in this thread...

First 31 Last

Add ASR (ASX) to my watchlist

(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $11.15M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$27.36K	5.715M

Buyers (Bids)

No.	Vol.	Price($)
11	18300000	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	3535645	4

View Market Depth

No.	Vol.	Price($)
11	18300000	0.004
7	11340000	0.003
5	7480000	0.002
4	18700000	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	3535645	4
0.006	9808809	8
0.007	10671761	6
0.008	7942678	3
0.009	600000	1

Last trade - 15.57pm 10/10/2024 (20 minute delay)

ASR (ASX) Chart

RED about to get $19m in the tin from sale of Philippine...

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Issues emerging as Australian companies tackle critical minerals challenge

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Tonight's US CPI data could set the tone for November. What are markets expecting?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

RED about to get $19m in the tin from sale of Philippine...

Top Stories

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Issues emerging as Australian companies tackle critical minerals challenge

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Tonight's US CPI data could set the tone for November. What are markets expecting?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News