RED 2.41% 40.5¢ red 5 limited

Great Quarterly

  1. 107 Posts.
    Underground just looks better and better - capex down, costs down. And so far despite the spend ramping up, cash keeps growing - a very very good sign.

    And if the underground grade outperforms like it is likely to then it will be one of the lowest cost mines around.

    The environmental award is huge news to0 - seriously de-risks regulatory issues and makes a satellite open pit a real deliverable.

    Very exciting times for shareholders. Sadly it seems many are selling exactly as things start really moving forward - this is not surprising after the last few years, but now is the time things will move up quickly.
 
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