mardo
That is what I am also thinking - RED is so close to finally getting back to ongoing production and becoming cashflow positive. Only a few more weeks and we will know how things are going in the quarterly report, when the mill's ore throughput should be back to at least 700k pa rate. The first full quarter is likely to be Jan-March 2013, after a very long wait for true believers.
However, there could be a final panic if the markets tank, but buying back in at better prices could be difficult.
I suppose progress will continue to be slower than we would like.
That $3/share target I had will have to wait to 2013. Getting back to $2.20 this year will do me, with $3 coming after the March 2013 quarterly.
loki (I am dreaming of a RED Christmas)
happy to keep money in gold !!, page-5
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Last
42.0¢ |
Change
0.010(2.44%) |
Mkt cap ! $2.857B | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 43.0¢ | 40.5¢ | $55.01M | 131.2M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 136340 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 2109264 | 10 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| RED (ASX) Chart |