Thanks elzephyrus. I was about to say the same. RED mgt had a...

Thanks elzephyrus. I was about to say the same. RED mgt had a presentation 4-5 weeks ago and guidance notice 6-7 weeks ago. As a shareholder, I might want more frequent updates during times when the shares are falling, but RED hasn't been completely silent.

As for the meaning of the share fall, who knows. RED stated their 2012 and 2013 guidance just 6-7 weeks ago. Quite unlikely their guidance would be off now because 2012 was almost over in June and we've just started 2013.

My guess: RED is hammered partly by already stated lower 2012 guidance (which anyone who reads would have known months ago due to late start-up) but mostly by lack of attention (few broker updates), being in the broad resource category, and being on the ASX (which the world views as a proxy for resources).