I’d wait for the Sept quarter to be done and dusted and see what the cash position has done and what guidance they give for production and AISC going forward.
Given the new high grade ore reserves defined at Darlot I’ve got little doubt RED will be due for a bit of a turnaround in the near future but picking the timing will be the trick. I’d rather have my money under my mattress while I wait. Of course news on the sale of Siana could catch non-holders out of the blue but that’s a risk I’m prepared to take. With the low gold price and high costs forecast for this quarter my good sense tells me to wait. Esh
I’d wait for the Sept quarter to be done and dusted and see what...
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Last
33.0¢ |
Change
0.025(8.20%) |
Mkt cap ! $2.244B | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.5¢ | 31.5¢ | $12.73M | 39.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 1931022 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 748069 | 3 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| RED (ASX) Chart |