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
29.0¢ |
Change
-0.010(3.33%) |
Mkt cap ! $1.972B | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 29.0¢ | 28.0¢ | $8.962M | 31.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 459580 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 672610 | 11 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| RED (ASX) Chart |