RED 2.78% 17.5¢ red 5 limited

looks like the chartist was correct

  1. 182 Posts.
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    Hi Guys, In post No.4843187, Madmacs suggested from his charting that filling in the gap between 14c and 15c was a distinct possibility. This seems to be the current state of play so I think Madmacs was completely on the money. IMO this continues to lay a strong foundation for RED to progress from. Obviously the CR has also had an effect on the SP, but just think how well placed that makes RED going forward, plenty of cash in the Bank and a small level of debt, plus a very minor requirement for hedging.
    We are all very familiar with the enormous potential of RED, and thanks mainly to Beatle are well informed on the past, the present and the future. Having personally visited the site and had a tour of inspection plus a lot of discussion with GE, I have absolutely no doubt that we will all enjoy many many happy days over many many Christmas periods to come. So I completely share Beatle's sentiments, and take the opportunity to thank the senior RED management for all of their endeavours and successes to date, and look forward to the exciting times ahead. On a personal note if I may, Beatle I look forward to being with you at the mine to celebrate the first gold production and sharing a quiet drink (or a very loud drink lol) together with hopefully a number of other RED believers. A very Merry and Safe Festive Season to All. AB
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