RED 0.00% 37.0¢ red 5 limited

Surely if the sp was over $2.00 before meltdown (md)and before...

  1. 561 Posts.
    lightbulb Created with Sketch. 53
    Surely if the sp was over $2.00 before meltdown (md)and before any meaningful production then once the CDO is lifted the company must be worth $2.00 per share again not 50c or 80c or or or.
    My point being that if the resource exists and is minable why would the company be valued at a lesser value that two years ago less dilution.
    Somewhere there seems to have been a real mistake re the valuation of this company.
    Why was this so ?
    Where did the information come from to provide the basis for this valuation ?
    Why is the same resource now worth less ?
    If the company was never worth $ 2.00 per share why did so many punters believe that it was ?
 
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