RED Chart, page-53

Tubs, nothing goes up in a straight line ..... but the trend is your friend .... the POG is being driven fundamentally by the loss of faith in fiat currencies which is caused by the never ending growth of debt which needs to be funded by (forever) zero interest rates and QE.
Endless growth makes cancer look good for a while till it depletes all resources and kills the host .... never ever bet against the commodity .... the commodity price always leads ... on the way up and on the way down. Look what has happened recently in the iron ore space .... one week FMG makes a new 5 yr high and the next week its down 25% .... smugness is so dangerous.
Once you decide that your in a commodity sector with a strong upward trend both short and medium term, then select stocks on fundamentals. Now classic technical trading events like a massive volume surge or a new high can tip off scanners, but once you chosen a stock, unless your going to day trade it ( and make a few bucks ), to decide you want to make some serous money, you have to do some fundamental analysis. Now some few thought that RED was a bargain at 3c, some at 10c and other as at 20, 25 and now 30c ..... they are all right to some degree. The bull market in gold has afforded RED the luxury of time to develop its underlying potential, and so far it has been hitting its milestones on time, louder and clearer with each new announcement.
When RED gets KOTH into production, along with an expanded Darlot, it will be a multiline asset producing 250k oz p.a.
SLR guidance for FY'20 is 215-235k oz p.a. and has a MC of >A$1bn, SAR Thunderbox worth A$1.5bn. RED as a T/O short term worth >$700m .... so I think that over the next 6months to 2yrs RED's SP will range from 50c to 150c ..... I repeat, the POG is very unlikely to retreat much because of the relentless debasing of fiat currencies so you either trade this technically or fundamentally according to your fears and beliefs and what she who must be obeyed. I'm doing what the great Jesse Livermore said " i made my best profits by sitting ... " Those day traders who bought at 28c, sold at 30c and are going to revisit when 26c are unlikely to be successful .... the Denver Gold Conference should make 30c firm support. Multi baggers are rare, RED is one such rarity.