speculative buy, page-21

Agreed, RED is definitely high risk particularly whilst they still have the CDO hanging over the project. But once the company is allowed to get back operating my view is that the risk is no more than that facing other miners in similar locations.
And the project has the ability to produce a lot of gold, apparently low cost compared to the general gold mining industry!

I'm very impressed with the level of buying support that occurred on Friday, and assume its the insto's who may have more insight into the actual status of the CDO, and clearly have taken a view that RED will be back in action as some point sooner than later (don't ask me what sooner than later means though, lol).

I wonder if we will see another substantial shareholder notice being lodged with the ASX in the next couple of days.