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19:07
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Originally posted by Winmore:
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Welcome Ratioal01. lm not sure too many Red5 holders hold the view that the company would starve going forward without the merger. Facts are that Red5 is currently ahead of production estimates, is paying down debt easily and has just 26 months until current restrictive hedges are paid out. Based on this criteria, its a long bow to suggest Red5 has a bleak future going it alone. Given also that we are just entering what is likely to be quite a long and sustained bull gold market going through to the next 5 years at least, with many US gold commentators l have been reading - saying US $3000 will easily be breached ($2500 US before December) - one might construe Red5 in its current position is very uniquely placed with or without the proposed merger.
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Thank you winmore for reading and replying.
(20min delay)