I think we had a doji today, opening at 3.2c, dipping to 3.1c...

I think we had a doji today, opening at 3.2c, dipping to 3.1c and closing at 3.2c. The market capitalisation is now $5m above their cash reserves. The current minister of natural resources seems to be more conciliatory to mining companies and perhaps Red 5 may get approval on their tailings storage facility expansion soon so they can resume production. To my understanding, they are not being forced to suspend operations by the government but more like they chose to do so in order to preserve their financial position and operations.

Glad to hear others' opinions on this case. The company operates to deliver pretty good operating cash flows with rather low AISC, so I cannot see how the market can value this company as if it is a real dud once they resume operations.

I sold some down at 3.6c and loaded up today at 3.2c.