News: RED Red 5 Divests Siana Gold Project, page-2

Finally, this millstone has been removed from RED's neck. This was the top bid .... after several years of searching out potential partners or bidders.
Sadly this reflects the reality of Filipino operations and for the curmudgeons who continue to see Siana and RED's "old guard" management as the answer to all RED's (mostly) imagined problems .... wake up, smell the coffee and abandon groundhog fantasy theories and stop polluting this blogs discourse. This money will bolster RED's Darlot revival.
Firstly, significant efforts have been made to maximise the Darlot operational efficiency, and secondly, the Great Western ore will now become available, and should ensure much better recovery and consequently AISC should drop to profitable levels.
This means that Darlot can be self funding and NOT NEED further CR's .... this risk / fear should be considered minimal and the downgrade of RED secondary to Darlot (and Siana) perceptions should dissipate.
Obviously Darlot's long term future depends on establishing continuing suitable ore bodies of sufficient grade and size, and over the next several years, an intelligent aggressive exploration will ensue. Ditto at KOTH needless to say.
RED's SP revival to true value will happen in tandem with the gold price and the sector in general. RED remains cheap, undervalued. "strong buy".