RED has been a victim of the general sell off in gold focussed equities DESPITE it not getting the full re-rating on the way up in gold price.
RED is now close to being fully de-risked on Siana development, the Gen Meeting will finalise the equity side, the debt side due to be finalised soon as well.
Mapawa adds another dimension to RED value.
IMO RED will never retreat to what is once was, now it has a significant long life, low cost gold operation ahead and profitable down to US$600/oz!!!
I remain a strong supporter of RED, us shareholders are not pawns, we will get the benefit, anyone with some cash and some strong resolve could consider a further investment at current prices - its a bargain basement price now! But of course those without the belief will make RED look cheap for a bit longer...
RED Price at posting:
$1.40 Sentiment: Buy Disclosure: Held
