That turned out to be a genuine buyer. Somebody with a lot of cash likes the RED story. Perhaps LionGold? Put I doubt they would have just placed such a large order in one hit. They would accumulate RED shares as shareholders dropped off the perch.
If RED could meet its targets we would not be worrying about a market turndown or shorting of goldie shares because this would be one of the very few genuine low cost goldie producers.
It will take a while to turn RED around production wise to 15k ounces/quarter rate, so there is probably another 6 months of trading in the 90-130 cent range.
loki
That turned out to be a genuine buyer. Somebody with a lot of...
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Last
36.0¢ |
Change
-0.010(2.70%) |
Mkt cap ! $2.448B | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.8¢ | 36.0¢ | $9.825M | 26.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1862724 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 2312588 | 9 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RED (ASX) Chart |