RED 2.03% 36.3¢ red 5 limited

Would not surprise to see more action over the next few...

  1. 5,867 Posts.
    Would not surprise to see more action over the next few days-broker write ups etc, as the Study was impressive.

    Solid detail should satisfy the project financiers. NPVs ranging from $70m upwards to $180m (allowing for the 10% held by the jv partner). Current market cap around the $30m mark leaves plenty of scope on the upside.

    Capital raising in due course, hope they tickle the price up some more beforehand.

    Cheers,TAS
 
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