RED "sort of" owns its own plants. I don't recall numbers but it has to pay back about $180M and that cost a great deal in the hedging required by the "lender". I imagine that the $180m will cost us far more than that. Not criticising, it was one way to get the money but GOR financed in their way, RED in its way. There are therefore "liens" on both so this talk of RED being "debt free" is in my view misleading. GOR might only get 50% as you say but that is from day one. Hard to calculate who is better off . $210m (or whatever the real number turns out to be) is about 30% of RED's market cap so it isn't chump change
RED v GOR, page-6
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Last
37.5¢ |
Change
0.005(1.35%) |
Mkt cap ! $2.550B | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.0¢ | 37.0¢ | $5.609M | 14.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 311637 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 1805403 | 9 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |