Gazza, it really doesn't matter what degree of SP volatility...

Gazza, it really doesn't matter what degree of SP volatility occurs in the very short term, and how many 'new investors' take profits. The bottom line is that gold is the best game in town, with the retail market just waking up to the fact that a V shaped recovery wont occur, and inflationary money printing and pump priming will continue for the foreseeable future.
RED is primed for its transition from an ugly duckling into a (not black) swan, and SP appreciation will resemble a viral out break.
With RED's imminent release of a pipeline of big game changer announcements, RED's investment appeal will amplify, and the long anticipated addition to the ASX300 should occur before years end .... there should be plenty of current ASX300 stocks deserving of being dropped. Its remarkable that people are still quibbling about REDs value .... its a multiple of the current SP !!
The only thing to quibble about is how many multiples and how long it will take to get there.
If the POG remains strong for several years, then in several years RED will be a 250-300k oz pa producer at AISC <A$1200 ?
So for those with nerves of steel (pun intended) RED SP in 2 years will be somewhere between 100 - 200c / share ??.
For those who can't wait the SP will be 40c by August, 70c by years end .... all other things being equal .... IMHO.
If the market doesn't properly value RED, then M&A will be inevitable.