Some large cross trades going through at the closing bell. Would imagine there may be a change in substantial holding notice coming up. Perhaps it is the CFO, Mr Raj Surendran, closing out his position given that he is departing and EFY is upon us.
Everything else from the announcement looks very good.
"The Red5 Limited board has reviewed the final feasibility study, and subject to minor modifications, expects to make a formal release within the next fortnight."
Environmental compliance certificate received, environmental protection well advanced and infrastructure design activities 90% complete. Again, all boxes appear to be ticked.
Cheers SBC
RED Price at posting:
70.0¢ Sentiment: Buy Disclosure: Held