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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The more l think about this merger, the more l like it. If we...
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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¢ | $2.313M | 5.393M |
Buyers (Bids)
No. | Vol. | Price($) |
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75 | 821829 | 42.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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43.0¢ | 359266 | 50 |
View Market Depth
No. | Vol. | Price($) |
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70 | 739346 | 0.425 |
28 | 560641 | 0.420 |
15 | 336036 | 0.415 |
17 | 255032 | 0.410 |
10 | 1331839 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 370437 | 50 |
0.435 | 426693 | 35 |
0.440 | 511392 | 17 |
0.445 | 600292 | 11 |
0.450 | 1539453 | 12 |
Last trade - 11.52am 12/06/2024 (20 minute delay) ? |
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Last
43.3¢ |
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Change
-0.013 ( 1.32 %) |
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Open | High | Low | Volume | ||
43.0¢ | 43.3¢ | 42.5¢ | 7843018 | ||
Last updated 12.12pm 12/06/2024 ? |
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