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RED Phoenix, page-93

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colincj

6,323 Posts.

87

18/11/22

11:14

Post #: 64852206
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Originally posted by MIStragic: ↑

RED is dead till successful commissioning announced.
Also, M&A seems to be necessary to really potentiate KOTH value.
"Consolidation" through M&A for Leonora district has many possible players and actors.
SBM has got a new MD, but he's likely to find it equally hard to make a silk purse out of a sows rear. The more I look at SBM's "assets" the less attractive they become, especially as a package. Gwalia, while "only 35km from KOTH" is actually much much further in energy and cost of production - Gwalia deeps are so deep, it takes and hour to get from bottom to top .... I suspect that not only will RED not take on SBM, but nor will Genesis (GMD). GMD are in the process of M&A with DCN, but will still have a lot of high grade ore looking for a milling solution. This ore is well within economic trucking distance to KOTH ..... RED + GMD would have over 4m oz of reserves and would become a A$2bn MC when their combined potential is recognised by the market. Raleigh becomes MD, and Mark becomes chairman and Saracen Mark 2 is created.

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Mark becomes Chairman this has been his objective from the start it is all about Mark and not the share holders, as I have stated over the yrs Red will be sold off for a song

RED Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 40.5¢		Change 0.000(0.00%)		Mkt cap ! $2.737B

Open	High	Low	Value	Volume
39.5¢	41.0¢	39.5¢	$3.294M	8.192M

Buyers (Bids)

No.	Vol.	Price($)
76	2130627	40.0¢

Sellers (Offers)

Price($)	Vol.	No.
40.5¢	1399118	62

View Market Depth

No.	Vol.	Price($)
76	2101711	0.400
31	878578	0.395
33	991428	0.390
23	611979	0.385
20	2042074	0.380

Price($)	Vol.	No.
0.405	1399118	62
0.410	1632393	37
0.415	1638353	22
0.420	735876	14
0.425	2696382	25

Last trade - 14.37pm 22/07/2024 (20 minute delay)

RED (ASX) Chart