first pour postponed, page-30

cashy

You wrote

"More worried about the price of gold than this stock."

That is also my main concern.

I console myself with the thought that RED will still be profitable if the POG fell to USD1000, and that it will be ramping up to 120k ounces pa over about the next 18 months (at least I think that is the tiemframe).

I am holding off buying more RED at these low prices because you never know how cheap they might get in a full blown GFC2. Averaging down at that point into shares with real resources is where people made great returns last time around.

So I am just an onlooker at what is going on to all my goldies. There could be a bit of a rebound in the markets over the next few weeks, which I think will take the goldies up one more time before any crash. The USD price of oil is holding up very well and not signalling a crash at present, but Dr Copper looks weak (China related I suppose).

loki