@MIStragic, Couldn't agree with you more. Well said. I have...

@MIStragic,

Couldn't agree with you more.
Well said.

I have always taken RED5 lightly because of past pain.
But the management have been rather impressive so far.
Pretty impressed how they handled the last mill problem.

Over a month ago I had a chat with Mark Williams.
What I got out of our conversation is RED5 is at a stage where one can buy some shares whatever they are comfortable holding without loosing any sleep and come back and check in few years time.

What could happen in few years time is

1 Darlot and KOTH are firing all cylinders
2 Aussie Operations are making good money
3 Managment are growing reserves & resources
4 Aussie Gold price is in the range of AUD $1800-2000
5 Management work out or monetise the Lithium royalty deal with GXY

and the major obstacle & catalyst
6 Philippines operation are sold or back in operation. (It could fetch USD 25-30 million dollars) I would take the money and walk out of Philippines and never look back.....keep running.

All of the above reasons are high probability.

So after careful observation, I have taken my own advice, bought as much as I am comfortable holding and trying to forget about it. If some of the reasons mentioned above are satisfied, then I believe the company will be re-rated. At that time I will consider a trading parcel.

This reminds me of buying RMS at 4-5c, MOY at 4 and under, SLR at 14c.
I won't mention buying SBM at 10-11c. AS there can only be one SBM in anyone's investing history.
It is rarely someone would get another opportunity like SBM and also there are not many mines like SBM's Gwalia. (Unfortunately, I sold out SBM too early worried about there big debt)

Anyway my point is

RED5 is not a trade but a long term buy & hold for me.