I am so glad I sold my $1,000,000 worth of shares in RED prior to the Jackson Hole conference. I saw weakness in all GOLD shares due to increasing of the ongoing interest rates rises ahead of us and now today with RED kicking the shareholders in the teeth just shows you they are not interested in the shareholders growth in the slightest. 375,000,000 new shares in CR the dilution in shares on a 16 cent issue price is approx 15%.
This makes the RED shares after dilution approx 13.6 cents each. Then add the uncertainty of the interest rate hikes before and after Christmas might be worth just sitting on the side-lines a little longer. We could see Red 5 in single digits sooner than investors think. DYOR
RED Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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