RED 0.00% 34.5¢ red 5 limited

You need to own trucks to run them. The capital outlay is huge....

  1. NWL
    287 Posts.
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    You need to own trucks to run them. The capital outlay is huge. Maybe when RED gets up and going but then you need the resources to maintain. It is cheaper to employ a contractor who has the knowledge and resources.The miner doesn’t build, design or install anything. It drills, finds, digs and processes and even then uses contractors until the plant is up and running. It has been a long ride and like some straight forward to make money with RED. Haven’t traded for a while and the Cash is coming. Very smart play to test and commission back up generators and use for pre-commissioning of plant.
 
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Currently unlisted public company.

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