now set for the next leg up, page-2

Some interesting thoughts Fastbuck.

I guess its all up in the air as to how much additional equity may be needed as part of the overall funding arrangement, bearing in mind RED still has $22 odd million cash, and that capex has come down due to the combination of US$ exchange rate AND the reduction in capex as the market remains more liquid for sourcing equipment since the previous capex quotes.

Unless one is privy to the finance discussions we won't know until its announced, but I would imagine that as the gold price increases the balance of debt to equity increases in favour of debt - of course with some form of hedging involved (probably with puts rather than forward gold selling as that won't limit the upside to gold price increase).

I like your reading of the charts. I still think there is someone out there though - that might make life more interesting when it becomes clear who that is (if it is the case of course!).