goldfarm, from your original post, RED has 3 times the number of shares to GOR. However, with GOR at 50% stake gives them 150 oz/yr to RED's 200. My quick calculation says RED has 25% more gold output so we could put a 25% premium on GOR's book value making them up to $1.5 billion max. Currently at $600 million. That would be 2 1/2 times current value or about 60 cents per share. I think $1 plus is a bit of a stretch but a nice dream. Would take a lot of ducks to fall into place but who knows.
goldfarm, from your original post, RED has 3 times the number of...
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Last
36.5¢ |
Change
0.010(2.82%) |
Mkt cap ! $2.414B | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 36.5¢ | 36.0¢ | $407.8K | 1.131M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 348249 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 1090891 | 31 |
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| Last trade - 10.07am 20/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |