RED 2.82% 36.5¢ red 5 limited

RED v GOR, page-28

  1. 580 Posts.
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    Yes, I got lucky, and have been in GOR since it was 60c, having bought just before they started processing. Red, I find has room to run, although I'm not sure how high the price will go. That said, I'd be surprised if it wasn't around 60c like GOR, before it starts running the second processing plant. Hard to compare shares, as GOR, doesn't own its processing plant, but has good reserves. RED on the other hand, will have two processing plants. All RED now needs is some more reserves, then it will start looking really good. I'll be sitting on RED until after June next year, then worry about what I do. PS: Expect the price to get played, GOR, was before it got into production and after, by firms pushing the price down to buy up. DYOR,
 
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