RED 8.62% 26.5¢ red 5 limited

great buy for the lucky ones now!, page-2

  1. 1,870 Posts.
    Hi Bluetemple, I agree with your general sentiments about RED being good value at present. I don't necessarily agree that the gold price is looking that strong at present, and I assume that is the reason why many of the more recent trader types have pulled out of RED.

    I continue to emphasise that RED is fundamentally valued at more than DOUBLE its current share price if you look at the current price of gold, the expected second tranche of funds (and shares being issued) and funds in bank at present.

    There is no value placed on Mapawa in my valuation, and we know that drilling is underway (I assume the first hole has been commenced by now), with a planned depth of around 500 metres testing potentially a major porphyry copper gold deposit.

    IMO RED will probably trade sideways until the Gen Meeting is over and the second tranche of the placement is made, at 15.5 cents, and then we should see it not only supported at the current share price but probably pushed higher by the bigger players now entering the share register. These guys know the true value of RED and will want to extract it for their own benefits!
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Mkt cap ! $568.2M
Open High Low Value Volume
29.0¢ 29.0¢ 26.5¢ $2.133M 7.746M

Buyers (Bids)

No. Vol. Price($)
19 565488 26.5¢

Sellers (Offers)

Price($) Vol. No.
27.5¢ 193223 4
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Last trade - 16.10pm 11/08/2020 (20 minute delay) ?
-0.025 ( 6.70 %)
Open High Low Volume
29.0¢ 29.0¢ 26.5¢ 2806377
Last updated 15.59pm 11/08/2020 (live) ?
RED (ASX) Chart
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