A takeover would be devastating now… surely 80mil will see them through to being cashflow positive from quarter to quarter… my average is 19cents, thankfully I don’t have many, I would buy more 13.5cents
However my concern now is that management has completely lost trust with retailers… why would they put out a very Rosie update just before a CR… management & sophisticated investors new this was coming, and insiders (sophisticated) sold into these Rosie updates to buy in at a cheaper price… and management empowered them to do so…
I would expect RED to be under 15cents for an extended period of time… that’s a lot of shares to churn through… as they move from quick buck weak hands to the stronger retail hands that are willing to wait out this uncertain time for RED 5
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Last
33.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.244B |
Open | High | Low | Value | Volume |
32.0¢ | 33.5¢ | 32.0¢ | $4.861M | 14.85M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
58 | 360485 | 33.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.5¢ | 1700687 | 55 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
65 | 917993 | 0.325 |
55 | 1541817 | 0.320 |
22 | 930148 | 0.315 |
25 | 734290 | 0.310 |
12 | 598774 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 71547 | 14 |
0.335 | 1306287 | 39 |
0.340 | 1121247 | 27 |
0.345 | 1305397 | 21 |
0.350 | 1034783 | 30 |
Last trade - 15.10pm 18/09/2024 (20 minute delay) ? |
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RED (ASX) Chart |