RED 4.05% 35.5¢ red 5 limited

The Demise of RED5, page-30

  1. 5,281 Posts.
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    Nice one letstry. Does that response mean you think you are onto a good thing here and these are just teething problems for the last 5 years? I have up reading the reports years ago when they were 20c and consolidated to $2. Even back then each and every projection of cost or time was so far out it was a joke. I figured eventually they will be mining gold and can't fail to make money then. How wrong I was. It seems they are talking about going underground soon and surely the open pit gold should have been the low hanging fruit. If they couldn't make money there they have no hope underground. This mine will be closed down eventually due to danger or deaths if it does go inderground, after spending whatever cash they might have left of course leaving just enough for the directors to parachute out.
 
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