Hi Scraig, I think that there are a number of posters on RED with similar views that the company is due for a significant re-rating, and the last summary by Alphman is spot on re future milestones:
BFS
title transfer
financing
commissioning
gold price retesting all time high (3rd time lucky?)
first pour
mapawa exploration results
It will be interesting to see how Mapawa pans out - will it be a signicant deposit in its own right possibly with standalone operation, or will Anglogold take up the jv it has previously negotiated. I am sure this subject will add heaps of value to RED in future.
If we see a new BFS its likely to confirm significantly enhanced project returns, i believe it will tip in excess of 30 cps to RED.
The big milestone will be the financing arrangement, but will it be accompanied by a placement or not - RED has about $23mil in cash now, will they need more? (Previous capex was excessive due to high steel costs etc).
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Last
37.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.550B |
Open | High | Low | Value | Volume |
39.0¢ | 39.3¢ | 37.5¢ | $3.246M | 8.465M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
86 | 1595912 | 37.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.0¢ | 1350043 | 54 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
85 | 1551368 | 0.375 |
38 | 1692717 | 0.370 |
29 | 1219957 | 0.365 |
39 | 1730487 | 0.360 |
17 | 814715 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 1420858 | 56 |
0.385 | 1917612 | 25 |
0.390 | 864518 | 17 |
0.395 | 1165020 | 22 |
0.400 | 1137825 | 25 |
Last trade - 15.45pm 29/07/2024 (20 minute delay) ? |
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