In the words of Mark Twain, “History seldom repeats itself, but it often rhymes.”
Let’s go back to July 2019. The tabling of the revised JORC 2012 resource/reserve upgrade, underpinning the PFS, was imminent and was expected to be released sometime in August. I, and everyone else, was expecting this to be sometime towards the end of August. Wrong. It happened on August 1st. Caught everyone with their metaphorical pants down. The SP went from 23 cents to 35 cents by lunchtime.
Fast forward to August 29, 2020. We’ve been assured that the new JORC 2012 resource/reserve, under pinning the FFS, will be released sometime in September. Is history about to rhyme? Timing is everything in this crazy, new world, so are we going to be caught with our pants down again? Hmmm, decision time. When news breaks I’m expecting the SP to go to around 40 cents in a heartbeat. This will be on the back of a substantial increase in resource/reserve and the excitement surrounding the probability of becoming a mid tier gold producer in about 18 months. Guess I might be topping up on Monday.
Best of luck to my fellow loyal Red shareholders and welcome to those who are about to jump aboard.
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