The Notice To Proceed effectively removes the last risk to administrative risk. This has been a long long haul but finally RED now has its turn in the sun!
Clearly finance options are being assessed, the fact that we have 2 different brokerages pushing the barrow on the equities front, they have done a round of London, Hong Kong and Singapore suggests they have many alternatives available, and that was demonstrated by the trading support on Friday.
AND based on today's announcement clearly MAPAWA exploration news is imminent as well. Just imagine another dimension to RED from here on - the potential for a major, WORLD CLASS porphyry copper - gold play just up the road from Siana!
The stars have aligned for RED finally.
(Its an irony that this happens 1 day before the AGM in Perth - the timing couldn't have been better organised by management!).
red alert, page-3
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Last
40.0¢ |
Change
-0.005(1.23%) |
Mkt cap ! $2.720B | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 41.0¢ | 39.5¢ | $5.860M | 14.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 318809 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 781608 | 14 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |