RED 5.17% 30.5¢ red 5 limited

red alert, page-9

  1. 2,568 Posts.
    Nice effort at taking out 18c just before...with action like this 20c is quite possible today!

    Brilliant announcement by the way. However it does indicate that finance probably wont be confirmed until early next year...

    "The Board is considering several options with various debt and equity components and expects a mandate to be awarded in the near future. Independent technical and legal due diligence required by financiers is expected to be well advanced before year end."

    That is I would assume that financiers will not be announced until after due diligence is complete.

    Happy to hold and has attracted a lot more attention over the last week as seen in the price action.

    :)

 
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