RED 1.18% 43.0¢ red 5 limited

Hmmm. This smells.So on 26 July 2022 the company announces...

  1. 1,504 Posts.
    lightbulb Created with Sketch. 44
    Hmmm. This smells.

    So on 26 July 2022 the company announces "Major new gold mine delivered on time and on budget
    First gold pour completed at King of the Hills on 5 June, with the ramp-up of mining and processing operations
    proceeding to plan
    . Darlot's June Quarter and FY22 production within guidance."


    So, now, they announce:
    "KOTH Mining Ramp up in September Quarter (Page: 10)
    Ability to meet the KOTH OP and UG ramp up schedule was delayed by
    COVID-absenteeism between May – July
    "


    And check out the chart on the same page: I have added the red circle.


    https://hotcopper.com.au/data/attachments/4715/4715267-65f2d497ee625415f8c918d946901265.jpg
    I can't reconcile the two snapshots.

    Looks like May to July material movement was clearly indicative of a problem. Unless I'm missing something, it wasn't reported to the market on a timely basis by the company.

    There is an old native American proverb that says "white man speak with forked tongue". I don't like to see shareholders being "forked". Anyone thought of talking to a lawyer?

    Rosco



 
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