Quiet Achievers, page-2

First 2 Last

Share
Profile

Follow
bevter

25,736 Posts.

1245

02/08/18

10:44

Post #: 34685130
Share

Originally posted by MIStragic ↑

Once again, RED's management has shown itself to be very capable, and continue to over deliver. Once RED reaches critical mass & momentum, then it will be rerated as investment grade, and the SP should multiply. I remain totally RED eyed and will continue to accumulate, especially at these 'pre-institutional' investment prices.
1. Darlot progress is an outstanding achievement and the value add from previously spurned assets is remarkable.
The sheer energetic professionalism gives credibility to the likelihood of continuing success.
2. Siana situation has proceeded as management predicted - they always said that Siana had a strong case, and that
with the restitution of political stability and the return of balanced economic development by the Phillipines,
that the needed permitting would be forthcoming. The undoubted significant residual value in RED's total
Phillipines assets means that careful nurturing of RED's position there is very much in the interests of RED
shareholder long term value. Having said that, RED will not imperil the new WA project, and will not divert
significant resources from the Darlot project nor call on shareholders for a CR with the SP where it is !
Rather they are likely to seek partners in the Phillipines, passive or active to advance the project. Siana is a proven
large and likely highly profitable project ..... it will happen .... the how & when remain to be finalised.
We shareholders need to trust management who are well knowledgeable, well connected & respected in Phillipines.
3. Bullseye developments are interesting - this company has been going nowhere fast for a decade despite
(apparently) having a good resource. Now because of RED's (initial) offer, management can't just do another CR
further diluting existing shareholders - now it has to put it to the shareholders. There appears to be a revolt by a
significant rump of shareholders who are seeking to over throw the BOD .... watch this space. RED would offer
Bullseye (and other stranded assets without a development or processing solution) a way to bring the project on
and liberate their capital. Consolidation must and will occur .... REDs offer to Bullseye is obviously dependent on
them opening up their data to detailed examination ..... "show me the money" .... before a final offer and deal made.
Whatever, Darlot's success is ensured without Bullseye, which would merely be a cherry on top of RED's cake.
And, there are other cherries to be had ....

Expand

All good points but mr Mkt isn't impressed, and the POG suppression don't help at all.

RED Price at posting: 6.9¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

CU6

Clarity progresses SECuRE trial with positive safety results

CHN

Chalice jumps on Putin nickel export ban threat – but then there's bad news

GTR

GTI extends uranium mineralisation at Lo Hema through development drilling

DXB

Dimerix begins recruiting young kidney disease patients in Mexico for Phase 3

ASX Market Open: Local bourse to trade green | Thursday September 12

BRX

Belararox to grow copper footprint in Botswana with 4,286 square km tenure

SS1

Sun Silver confirms high-grade extension theory at Maverick Springs with 79.6 g/t intercept

3 stocks with antimony news on Thursday

NEC

Nine Entertainment announces its CEO is stepping down – on an ex-divvy day

MTM

Forget gallium: MTM says it's extracted gold from e-waste