RED 3.90% 37.0¢ red 5 limited

I have seen images of the open pit taken on the 25/1/2017 by an...

  1. 1,327 Posts.
    lightbulb Created with Sketch. 9
    I have seen images of the open pit taken on the 25/1/2017 by an employee who posted them on Facebook. As the images were posted on Facebook it now becomes public.

    I have not included the Facebook link (do a search and you will find); I do not know the employee who took the images; there are many many images of the Siana mine on Facebook taken by employees of the company, one just has to search Facebook and there they are in social media land.

    In the images below taken on the 25/1/2017 I see a significant amount of water in the open pit, I also see no burns on the Northern side and I see a lot (a significant amount) of loose rock material leading down to the water line IMO; (see also RED ASX announcement dated 7th Feb 2017 about a significant movement of material).

    The East view shows where the East wall failure occurred and was cleaned up in 2016.

    The Southern view shows the ramp down to the open pit, no diggers are seen, no earth moving trucks also.

    I noticed in the ASX announcement on the 18th April 2017 that "Notice will be given to the mining contractor to cease operations and demobilise equipment." I do wonder however what the mining contractor was doing for 3 months and where his equipment was.

    North_wall_25-1-2017.jpg

    Image above Northern side taken on the 25/1/2017 ;ref Facebook search

    East_wall_25-1-2017.jpg

    Image above East side taken on the 25/1/2017; ref Facebook search

    South_wall_25-1-2017.jpg
    Image above South side taken on the 25/1/2017; ref Faceboook search
    Last edited by Holdonman: 15/07/17
 
watchlist Created with Sketch. Add RED (ASX) to my watchlist
(20min delay)
Last
37.0¢
Change
-0.015(3.90%)
Mkt cap ! $2.516B
Open High Low Value Volume
39.0¢ 39.3¢ 36.8¢ $14.90M 39.68M

Buyers (Bids)

No. Vol. Price($)
2 387085 37.0¢
 

Sellers (Offers)

Price($) Vol. No.
37.5¢ 1040379 11
View Market Depth
Last trade - 16.10pm 26/06/2024 (20 minute delay) ?
RED (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.