RED 1.19% 42.5¢ red 5 limited

MGM- Just take the positives away with it. As long as you made a...

  1. 2,012 Posts.
    MGM- Just take the positives away with it. As long as you made a profit and you still have some skin in the game, you are doing ok.

    Im not concerned with rebels. Red has been there since the mid 90s and have a great working relationship with the locals and govt. They have always provided assistant for the locals thru working on site or providing health and education to the local village.

    Management have looked after the area and knows the importance of that. Conservative board and management have always had the interest of locals and the enviroment at the forefront of mining there. At least 10 year mine will provide a good relationship with the locals and give them employment.

    Ive always been overweight in RED, but use it to my advantage. With so many big boys on the register, we can ride the highs and rebuy on the lows, and let the hedge funds and investment arms take all the risk.

    Smart to look after the mortgage first and trade with whats left over. You will always have opportunities to gain a larger stake again with a long term mine if you decide .
 
watchlist Created with Sketch. Add RED (ASX) to my watchlist
(20min delay)
Last
42.5¢
Change
0.005(1.19%)
Mkt cap ! $2.891B
Open High Low Value Volume
43.5¢ 43.5¢ 41.5¢ $11.42M 26.92M

Buyers (Bids)

No. Vol. Price($)
11 222136 42.0¢
 

Sellers (Offers)

Price($) Vol. No.
42.5¢ 1437793 11
View Market Depth
Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
RED (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.