IMO this is a VERY important announcement - besides the fact that RED now has another $15.19 million in the kitty (along with its current $21 odd million in the bank) it means that the insto's are on the hook, with the pricing quite favourable in view of the current share trading activity (no thanks to you bot!).
And it means that we should see considerable motivation by the insto's concerned to support the price at least at the current level to ensure that the future equity funding under the Financing arrangement is achieved - and I would presume it is a condition precedent to the debt component. That suggests to me that we have just achieved a new and vital stage in RED getting its development of Siana underway!
- Forums
- ASX - By Stock
- completion of first tranche of placement
IMO this is a VERY important announcement - besides the fact...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RED (ASX) to my watchlist
|
|||||
Last
30.5¢ |
Change
0.015(5.17%) |
Mkt cap ! $2.074B |
Open | High | Low | Value | Volume |
29.0¢ | 31.5¢ | 29.0¢ | $6.131M | 20.29M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 1710117 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.0¢ | 290135 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 1710117 | 0.300 |
11 | 1296860 | 0.295 |
15 | 722402 | 0.290 |
30 | 1292788 | 0.285 |
31 | 1212793 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.310 | 290135 | 11 |
0.315 | 805152 | 11 |
0.320 | 1058714 | 15 |
0.325 | 522609 | 11 |
0.330 | 885886 | 13 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
Featured News
RED (ASX) Chart |