last i read on another forum was a CR for $22mln @2.10 or something like that for (usa)institutional and sophisticated investors only. They will need money for their ongoing exploration in Mapawa i presume and to pay off the last bills of the new mill? Speculating/deducting here. Seems to me that they will be able to increase their own cash position through operations by last quarter of the year and not before, hence the need for money now. They are raising money through Casimir Capital(NY) who did the last CR for silverlake as well, and the seem to have solid longterm investors for them, so i hope the same for RED.
Happy trading
Greg
last i read on another forum was a CR for $22mln @2.10 or...
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Last
36.0¢ |
Change
-0.010(2.70%) |
Mkt cap ! $2.448B | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.8¢ | 36.0¢ | $9.825M | 26.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1862724 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 2312588 | 9 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RED (ASX) Chart |