RED 4.11% 38.0¢ red 5 limited

Not a good financial report; alarm bells are ringing loudly....

  1. 1,327 Posts.
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    Not a good financial report; alarm bells are ringing loudly.
    $9.5M owed to Saracan & Goldfields in cash or shares falling due
    $5M gold loan urgently needed for cash
    $11M loss for the year
    $260K and other bonuses handed out, how did they work these out, maybe it is in the fine print.
    Siana a dead duck, imagine the silt in the pit due to wall failures, take millions to re-engineer.
    Tailings dam 6 approved, this goes back to 2013, they told us they were buying the land back then.....

    The two underground mines have a dwindling head grade, look back over the years, they are drying up.
    Again I ask the question why sell these mines if they were profitable.
    Price of gold low.

    I could go on and on, it would take a miracle to turn this company around, I personally cannot see this occurring.
    I cannot see this company would be a going concern unless the POG spikes dramatically.
 
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37.0¢ 38.5¢ 37.0¢ $6.198M 16.41M

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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
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