It's hard to say - IMO RED is not exactly cheap on a PE basis compared to WGX and SLR (that's why I was looking for a pullback to $0.24 to buy in). Having said this, they seem to have turned the corner and now offer a significant and reliable long term production profile at an attractive AISC in a tier 1 jurisdiction. IMO this means that they may be very attractive to other miners looking to grow/consolidate production in the Eastern goldfields. These miners may be prepared to pay a significant premium for RED since IMO it offers a very attractive takeover/consolidation opportunity.
GLTA & DYOR
Watcher/research, page-19
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Last
34.5¢ |
Change
0.025(7.81%) |
Mkt cap ! $2.346B | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 35.0¢ | 32.5¢ | $12.41M | 36.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 321969 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 272620 | 5 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| VAU (ASX) Chart |