RED 2.70% 36.0¢ red 5 limited

Can you wait till September ? The FFS will be delivered then,...

  1. 2,337 Posts.
    lightbulb Created with Sketch. 1300
    Can you wait till September ? The FFS will be delivered then, and this will include an updated resource and reserves, further progress report on the infrastructure build in progress for KOTH etc. The second hand accomodation purchase announced recently shows that a much bigger workforce will soon be at KOTH.
    I expect finance to be arranged before Xmas and once thats in place, the SP rocket launch will happen.
    A scenario not mentioned (as far as I know) is the possibility, that after the massive new KOTH plant is fully commissioned, a solution to the ageing Darlot plant could be "truck to KOTH" instead of constant maintenance of Darlot ... in a gold bull market, even relatively high cost operations are valuable. In 2018/19 armchair analysts were dismissing SLR as a 'nere do well' because of its high ASIC despite having a low debt and being a consistent cash generator. Now a 5x bagger since then .... and some former critics have become SLR enthusiasts with a BUY recommendation ... ho hum. SLR cash reserves could almost buy RED, and RMS team have a skill set (and cash) that would be a very suitable M&A with RED. Please don't bother to accuse me of boosterism ... my money is were my mouth is, and take great comfort that my main gold stock is the most undervalued in its space.
    You say that you'll sell if it gets back to 29c. If it gets a rerate, it wont spend much time at 29c. You'll probably re-evaluate and watch it climb much higher. If your so convinced its a dog, take the loss and put it into one of those other stocks people are always saying is so more prospective( in the short term ) .... like .... I cant think of one.

 
watchlist Created with Sketch. Add RED (ASX) to my watchlist
(20min delay)
Last
36.0¢
Change
-0.010(2.70%)
Mkt cap ! $2.448B
Open High Low Value Volume
37.0¢ 37.8¢ 36.0¢ $9.825M 26.88M

Buyers (Bids)

No. Vol. Price($)
18 1862724 36.0¢
 

Sellers (Offers)

Price($) Vol. No.
36.5¢ 2312588 9
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
RED (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.