That post was a suggestion that 80cps is a possibility based on a comparison with MML. It doesn't even suggest that it's going to fly there. I have to admit though, I do see possibility in this, but I have enough common sense to know this will take months if not years. IMO, it would need Mapawa proved up in order to reach that.
I think it's your own "trader's" mind that is reading these posts incorrectly. Perhaps you need to find an "explorer" who is drilling for discovery holes. FYI, RED's way past that. LOL
What you need to realise is that RED's business is derisking as each day goes by and as we inch closer to securing finance. As beatle has posted many times, it's not a matter of IF, but WHEN, which is further supported by the recent response to ASX's query.
The best time to be in a mining stock for growth with favourable risk/reward is in the financing/construction period that leads up to mine commissioning. RED is just about to enter this phase.
Forget the charts, forget the fundamentals, just make sure you're on boat.
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Last
37.8¢ |
Change
0.008(2.03%) |
Mkt cap ! $2.550B |
Open | High | Low | Value | Volume |
37.0¢ | 38.0¢ | 36.5¢ | $3.185M | 8.501M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
72 | 1508225 | 37.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.0¢ | 1901164 | 54 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
67 | 1331786 | 0.375 |
46 | 1671446 | 0.370 |
25 | 666136 | 0.365 |
34 | 617004 | 0.360 |
29 | 595736 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 2070429 | 55 |
0.385 | 1263119 | 28 |
0.390 | 447615 | 13 |
0.395 | 1006441 | 14 |
0.400 | 1534130 | 17 |
Last trade - 14.48pm 03/07/2024 (20 minute delay) ? |
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