My understanding is that each insto has signed legally binding agreements as a sub-underwriter through Petra Securities to the RED 5 issue, and must make good payment within a couple of days of the shareholder approval.ie they must pay by next Monday I would imagine. Therefore we should see the new shares being issued from RED on Wed (Tues is Australia Day).
Its just crazy the sell-down at the moment in RED. It certainly doesn't demonstrate the true potential of RED.
Even in the event of the gold price moving down to US$1,105/oz the RED share price is HALF the NPV's indicated for RED's share of production, excluding the additional cash in bank and assumes no value for Mapawa!
My understanding is that each insto has signed legally binding...
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Last
41.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.823B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 64116 | 2 |
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| Last trade - 10.04am 25/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |
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