RED 1.11% 44.5¢ red 5 limited

Garrye--My thinking is this! Red is getting very near to...

  1. 225 Posts.
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    Garrye--My thinking is this! Red is getting very near to absolute value at moment even though risk on risk off is following gold price, ie (Hui and Gdx )which has been influencing price of explorers and would be gold producers value only.I know my onions as I have followed this since 2003 on and off and usually picked when to abstain. G.E. is a very conservative operator and hence there have been very many digruntalled majors as he has not siezed the moment while other producers have got a lot done in the same time frame.ie (Anglo,Matthews,Sprott etc).I believe the next 3 months will tell the story and they have the goods to be making 6mio profit per month for a long period if the gold price holds UP.
    Also I dont believe there will be another credit raising before they have done an updated pit optimazation at about $900 level.Also all current targets are done on throughput of 750,000 tonnes per year throughput while plant has been built to exceed 1,000,000 tonnes per year.Just my thoughts starting to sound like Beatle.

    Cheers.

 
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44.5¢
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44.5¢ 45.0¢ 43.0¢ $10.42M 23.50M

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45.0¢ 695828 6
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Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
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