RED 2.82% 34.5¢ red 5 limited

As most red holder are now aware that were holding one of the...

  1. 2,926 Posts.
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    As most red holder are now aware that were holding one of the most exciting gold stocks on the asx, we are now in transition stage from explorer to producer, all the boxes are now ticked, theres nothing more to do but build the mine and make money for its share holders, as mention in its latest ann theres "no show stoppers" in 12-18 month it will be pouring gold,at the current gold price we should see a market capp between $400 000 000-$500 000 000 this equates of a share price of .40-.50 on the Siana project alone not to mention Mapawa if it proves up , red could be a debt free producer in just 1 years operation, we now need to look a little more forward for the longer term share holder{3-4 years}my question is what could the sp be for a debt free gold miner producing 100k oz per year , its food for thought and would now concider red as one for my long term super fund.....i await for beatles comment{when he gets out of the hotcopper slamer on good behaviour}and others.......my personal position on red is over weight........those think of investing do some research and be pleasantly surprised.....buy and sell at your own perils
 
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Last
34.5¢
Change
-0.010(2.82%)
Mkt cap ! $2.346B
Open High Low Value Volume
36.0¢ 36.0¢ 34.0¢ $5.997M 17.21M

Buyers (Bids)

No. Vol. Price($)
35 2367829 34.0¢
 

Sellers (Offers)

Price($) Vol. No.
35.0¢ 656508 8
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Last trade - 16.10pm 15/08/2024 (20 minute delay) ?
RED (ASX) Chart
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