YMYC, page-11

RED doesnt 'fit' with most institutional investment mandates. i.e it doesnt meet their criteria. Especially in the OZ-market. Small investment houses will/are invest/ed, but that is because they are specialist funds or have acted as corporate actions lead (refer Bell Potter, Casimir) and hence initiated coverage so that their client have some idea of what they are being sold.

Once production is proved you'll see the big names jump in - not as nominees but as owners.

The management team at RED are typical of a mid-cap mining company. Low on transparency, poor on investor relations, but very close to the coal face.

In terms of daily SP - I dont really look at it as I am a LT-investor. RED is subject to massive volatility due to its leverage. Swings of 5-10% are normal which makes is great for DTs. It am not a trader or chartist, but going off the previous RED-thread a posted indicated that there was in fact a 'gap' to fill; todays action did exactly that. Volatility is only going to increase when production hits as the SP will be solely governed by gold price and hence profitability. RED has outlayed ~5Mill in exploration outside of siana in FY2013, so any 'success' is just going to add to the volatility on the upside. Same rule applies when they resume drilling in the siana pit to extend the current reserve.