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.
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GOLD / RED 5 & SLR ON FIRE. Wishing all well., page-28
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Last
38.0¢ |
Change
0.005(1.33%) |
Mkt cap ! $2.550B |
Open | High | Low | Value | Volume |
39.0¢ | 39.3¢ | 37.5¢ | $4.917M | 12.87M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 1040582 | 37.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.0¢ | 604712 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 1040582 | 0.375 |
30 | 1163384 | 0.370 |
25 | 977168 | 0.365 |
33 | 1507594 | 0.360 |
14 | 647004 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 604712 | 5 |
0.385 | 530866 | 5 |
0.390 | 636988 | 9 |
0.395 | 995634 | 15 |
0.400 | 1044306 | 20 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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