Fair valuation will be what ever the market decides at the time. Market conditions around the world will dictate that and not what the forcast is.
Forcast is only a predictation by the company valuation, and doesnt take in all the factors that can move either way in a Bearish or Bullish market.
Just sit back and enjoy the ride and not worry about when fair valuation happens. Trade it along the way and take some profits and then time frame on fair valuation wont matter.
Also remember gold price on a daily movement makes no difference to the overall value of a company. Company works on a average price over a full year and RED5 also has to take in the AUS dollar when converting profits.
friday night gold rally?, page-13
Add RED (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
42.0¢ |
Change
0.010(2.44%) |
Mkt cap ! $2.857B | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 43.0¢ | 40.5¢ | $55.01M | 131.2M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 136340 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 2109264 | 10 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| RED (ASX) Chart |