If you paid peanuts during the CR era and it's a 15 year mine life and you've bought a seperate chunk to sit on with your super as a long term gamble, it's not so bad. An industry average of 7.9% vs Red's 110%, in one year.
Sure you can always take profit from it and/or free carry but there's nothing wrong with a longer term approach either especially considering what could take place soon, the implications of the merger on the bottom line. If RED holders were getting X amount of SLR shares for the merger I'd be selling down. But we're in a great position here. Trade or hold there is more money to be made.
/disclaimer: This is not financial advice. This is the diary of a madman.
GOLD / RED 5 & SLR ON FIRE. Wishing all well., page-28
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Last
37.8¢ |
Change
0.003(0.67%) |
Mkt cap ! $2.652B | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.3¢ | 37.5¢ | $2.895M | 7.534M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 68 | 1402239 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 1977396 | 71 |
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| Last trade - 13.34pm 29/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |