RED 4.49% 37.3¢ red 5 limited

Mamanwas barricade of mine

  1. 1,327 Posts.
    lightbulb Created with Sketch. 9
    Latest news from mindanews 26/3/2015; likely already posted but the latest media release.

    "SURIGAO CITY (MindaNews / 26 March) – Mamanwas have lifted their barricade against a mining firm on Saturday after Greenstone Resources Corporation initially paid at least P5 million ($143K Aud) to the tribesfolk, belated reports said."

    Still no ASX update from RED although an initial payment (possibly Sat or Mon) was paid to the Mamanwas people; the media article says another P11 million is still owed ($314K Aud) and  if not paid they will blockade the mine again. Looks like you will need to read Philippine news to find out what's going on; maybe put Mindanews on your web browser favourites.

    As I said in my previous post if information which may affect the SP is available then RED must report (immediately & not when they feel like it) via the ASX (see Cl 677 Aust Corp Act 2001). Shareholders have a legal right to be informed. Lets see if an announcement comes today to maybe give them the benefit of the doubt.

    Ref
    http://www.mindanews.com/top-storie...tial-p5-million-to-mamanwas-barricade-lifted/
 
watchlist Created with Sketch. Add RED (ASX) to my watchlist
(20min delay)
Last
37.3¢
Change
-0.018(4.49%)
Mkt cap ! $2.550B
Open High Low Value Volume
39.5¢ 39.5¢ 37.0¢ $7.685M 20.11M

Buyers (Bids)

No. Vol. Price($)
81 1650780 37.0¢
 

Sellers (Offers)

Price($) Vol. No.
37.5¢ 1250399 57
View Market Depth
Last trade - 14.32pm 01/08/2024 (20 minute delay) ?
RED (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.