i think the market is simply waiting to see if gold price breaks up or down from its current triangle pattern. If it breaks up towards 1600 surely red will take off back towards $2 as they can make good cash there. if gold breaks down who knows where it will stop but it could take 6 months to a year to find out and red will not reach previous highs during that time unless they can prove their production rate and actual cost per oz.
i think the market is simply waiting to see if gold price breaks...
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Last
38.3¢ |
Change
-0.013(3.16%) |
Mkt cap ! $2.584B | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.8¢ | 37.5¢ | $4.319M | 11.26M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 42 | 1314769 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 1054462 | 34 |
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| Last trade - 11.38am 26/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |