RED 1.19% 42.5¢ red 5 limited

If you paid peanuts during the CR era and it's a 15 year mine...

  1. 2,319 Posts.
    lightbulb Created with Sketch. 503
    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.
 
watchlist Created with Sketch. Add RED (ASX) to my watchlist
(20min delay)
Last
42.5¢
Change
0.005(1.19%)
Mkt cap ! $2.891B
Open High Low Value Volume
43.5¢ 43.5¢ 41.5¢ $11.42M 26.92M

Buyers (Bids)

No. Vol. Price($)
11 222136 42.0¢
 

Sellers (Offers)

Price($) Vol. No.
42.5¢ 1437793 11
View Market Depth
Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
RED (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.