Brettdale, IMO its important not to over-react to the current jittery market environment, wait until the entire market settles, and the currently "shell-shocked" investors decide to consider opportunities again. In the past couple of days people in so many resource stocks have simply wanted out regardless of the implied value (and probably loss that they are incurring).
Certainly its a very positive recommendation for RED that Smart Investor has elected to run with it for its Feb issue.
RED has got considerable value to demonstrate and the benefit of having completed the equity issue is that management can get on with the development side.
At the same time, who knows what might come of Mapawa over the coming weeks. We may have an entirely different company profile for RED if its confirmed that Mapawa is a considerable copper-gold deposit.
Although its disappointing to see the share price off, its good to know that the money is now coming in and the work behind the scenes can carry on to allow gold production down the track.
RED Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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