RED 2.84% 42.8¢ red 5 limited

The more l think about this merger, the more l like it. If we...

  1. 264 Posts.
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    The more l think about this merger, the more l like it. If we are debt free and the hedges are paid out, the merged entity will be a collossus producing almost 500,000 ounces of gold annually. The cash flow will be enormous, creating buying/ growth opportunities that neither company could attain alone. l think this merger will give the "new Red" a critical mass that will be well received by analysts and investors. By extension, Reds SP should probably double after the merger in June and increase a bit more again at the end of the year when institutions rebalance portfolios. By years end, we could be looking at $1.00 per share in the new entity if gold remains strong. Heaven forbid gold runs to $2400/2500 US. lm excited.
 
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Last
42.8¢
Change
-0.013(2.84%)
Mkt cap ! $1.480B
Open High Low Value Volume
43.0¢ 43.5¢ 42.0¢ $2.313M 5.393M

Buyers (Bids)

No. Vol. Price($)
75 821829 42.5¢
 

Sellers (Offers)

Price($) Vol. No.
43.0¢ 359266 50
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Last trade - 11.52am 12/06/2024 (20 minute delay) ?
Last
43.3¢
  Change
-0.013 ( 1.32 %)
Open High Low Volume
43.0¢ 43.3¢ 42.5¢ 7843018
Last updated 12.12pm 12/06/2024 ?
RED (ASX) Chart
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