RED 0.00% 34.5¢ red 5 limited

Quarterly?, page-3

  1. 1,327 Posts.
    lightbulb Created with Sketch. 9
    Before the tailings dam disaster they were running at 3000T/pd ore throughput, 78% recovery and still could not make a dent in loan repayments; all be it they had abondened the mine plan, hence total failure.

    Now they have no loan repayments just hard earned shareholder money to play with; be surprised if the commitment is there given the BOD nucluus remains relatively intact (see above) the only history available is one of destruction of the mine and destruction of shareholder wealth. Unfortunately no runs on the board for this crew.
 
watchlist Created with Sketch. Add RED (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.