Well Volatility has arrived and it is about time. Gold prices will be volatile , I expect this as Gold reflects what the hell is going on.
We can not deny up is down and down is up across the globe so it is time for us to decide where we stand. Expect more volatility , cleansing and market rebalancing.
What about the gold miners:
Is it not obvious that gold and miners are the trade. I am not stating hold or sell , I will be holding , yet if you can find stability elsewhere go for it buy your bonds and treasuries good luck with trading that in the future.
So what could we expect from Red 5:
Pros:
Upcoming yearly financials: Balance sheet to hopefully reflect:
1/ Profit up and debt down this is good when looking at a Business you want to invest in.
2/ Shareholders Equity to reflect an estimated $0.22c per share
3/ Good forward production guidance. Proving good product production and sales figures most business struggle to achieve this.
4/ ASX to update: Net profit and revenue
5/ ASX Market index to update our Book Value Per Share$0.048.
$0.048 they adjusted on the new the new share total but have not adjusted to new company valuation. I think this will become circa $0.22c
6/ New Share Valuation adjusted to 2.5 x $0.22c = $0.55c (2.5 based on Price to book valuation for our industry).
7/ Promises none but fair value yes , strictly from a business point of view. Question is where will the profits go , I hope to improve forward production levels at high grade and lower AISC.
CONS:
1/ Short term volatility there is a lot of shit going on worldwide.
2/ Red 5 share consolidation may be required to bust through $0.55c if and when we get there.
3/ Gold miners basically do not offer dividends , if you want them move on , I would like them but will not hold my breath.
In short it is a personal decision whether to hold or sell. I think the world has gone mad and the full reset is in play. Gold will play its part as the whole world comes to term with how to exchange goods and services , the East needs the west and the West needs the east.
LOL Lets be friends and adjust our debt via gold holdings , pipe dream maybe.
Good Luck to all.
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Last
35.0¢ |
Change
-0.025(6.67%) |
Mkt cap ! $2.346B |
Open | High | Low | Value | Volume |
36.0¢ | 36.0¢ | 34.5¢ | $7.146M | 20.37M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
33 | 1566900 | 35.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.5¢ | 892493 | 70 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
34 | 1493707 | 0.350 |
39 | 1398050 | 0.345 |
20 | 682698 | 0.340 |
18 | 1105945 | 0.335 |
23 | 733110 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.355 | 894342 | 70 |
0.360 | 693981 | 33 |
0.365 | 289918 | 13 |
0.370 | 562409 | 10 |
0.375 | 456911 | 7 |
Last trade - 15.28pm 07/11/2024 (20 minute delay) ? |
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