gold $1433, page-2

My opinion is that any increase in the price of gold will only be factored into the share price of RED once progess or perhaps only production annoucements are released. We already know that the share price of RED is trading below fundamental value so it is naive to think that an increase in the price of gold will be (at least not significantly) reflected in the share price. The market is awaiting annoucements and until that time I think little else will effect the share price of RED either up or down. Until annoucements are made the share price will most likely continue to fluctuate between 0.175c and 0.185c, unless the 0.185c ceiling is broken in which case we are probably looking at between 0.185c and 0.20c (or there abouts).

All of the above is my opinion only and is not intended to be professional financial advice.