Smity if that was the case I will be taking a pro-active contrarian stance and LOADING UP!
Its a shame this has happened to global markets, but actually after the GFC a drop the extent we have seen overnight is not so big, but of course the real issue is the gold price.
In RED we are supported by the fact we know it is a viable operation at down to US$700/oz, and RED's fundamental DCF valuation at US$1,000 remains 27 cps at an exchange rate of 0.85!
Of course this won't protect it today from those that want to panic whatever the truer value is. But its also an opportunity to get more at a substantially lower price, which I was referring to a few odd posts ago.
Hold strong, keep the faith!
Smity if that was the case I will be taking a pro-active...
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Last
36.0¢ |
Change
-0.010(2.70%) |
Mkt cap ! $2.448B | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.8¢ | 36.0¢ | $9.825M | 26.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1862724 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 2312588 | 9 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RED (ASX) Chart |