RED - Red 5 Limited

[mrlister]

What is special about it is that it is just finally producing gold, at a very low cost. It has 0 debt. A very good P/E ratio, it's a very low price, it is on the ASX 300 and Currently no real problems on site that will prevent the forecasted targets, as reinforced by managements progress update last week. The mine is now cash flow positive, plus there is an additional 16 mill in the bank if needed.

All fundamentally still on track, just not quite there yet with a full quarter of production to gain confidence. They lost quite a bit of confidence with the CR so will take a bit to come back. All has happened at a bad time globally, with gold price dropping significantly, and the euro troubles hampering most of the market. NST is very much bucking the trend at the moment, and it's all a bit odd too. They had double the normal volume today and rose 7 odd percent. Bets on that they announce some good news soon.

As for RED, 1.3 seems to be a really strong support level, and I'm thinking it won't get much below there. But a lot of this really depends on the Greek elections thus week, the euro response if the left anti bailout party form government. Cos without stability there, all stocks are pointing south in the short term, it's just a case of how far your stock has already bottomed out. for me, I think RED is pretty close to the bottom of its pit. Of course I could be wrong, and I hope I'm not. But realistically, below the levels of around 1.3, everyone is losing. There isnt many that bought below that. So when the company fundamentals remain the same, and gold price is still relatively steady....why would you sell at a loss? Isnt it a fundamental rule of trading to buy low and sell high? This sentiment is reflected on the volume going through around the 1.3 mark. There just isnt anyone selling!!

Of course if gold dives this could change.

Of course I could just be talking a bunch of rubbish too. Who the hell knows!!

[mrlister]

NST is very much bucking the trend at the moment, and it's all a bit odd too. They had double the normal volume today and rose 7 odd percent. Bets on that they announce some good news soon.

well i got that part right. they are in trading halt again. ****s me that news of this got out before the actual market knew.

[mrlister]

Can't believe that red has made 2 public announcements in one month. I just wish they would learn how to time them better. Investor presentation would have had full effect yesterday, not on a down day like today!!

[notting]

Investor presentation would have had full effect yesterday, not on a down day like today!!

Gold sentiment in our market is strong today!

[mrlister]

I'm glad boggo isn't my financial advisor!!

[Boggo]

I'm glad boggo isn't my financial advisor!!

You would be struggling to get anyone to give financial advice on a penny dreadful such as RED.

If it holds potential support above 1.72 tomorrow then it may join about 400 others as a short term trading stock again with 17 cent behaviour

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[mrlister]

Ha ha. I'm just going to be happy for the moment, and hope gold prices or the Europeans don't mess it up for me overnight.

I was quite happy with its relatively small pullback though. Thought it was gonna sink back quite a bit for a while there.

[fwpike]

Red put out two announcements in two days, one being "updated". No clue as to the difference. Can anyone spot the difference please?
Cheers

[Buckfont]

Red put out two announcements in two days, one being "updated". No clue as to the difference. Can anyone spot the difference please?
Cheers

Fwpike, gotta admit that I couldn`t see anything glaringly obvious either. Why didn`t they just put up the extra info instead of rehashing the whole thing. Like you I`d be interested to know, and whatever it was, it had minimal effect on the sp.

[Sapling]

Slide no.15 on second ann. is an addition. It's titled 'Siana Mining Reserves'

[mrlister]

Dam world economy!! RED. Finally starts to lift, the Greeks finally start to get it together and now the yanks go and throw the spanner in!!! COMEONNNN, work with us!!!!

[Boggo]

I'm glad boggo isn't my financial advisor!!

My financial adviser who is a bit of a realist suggested last night that I go short today with a potential target of 1.259.

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[tech/a]

My financial adviser who is a bit of a realist suggested last night that I go short today with a potential target of 1.259.

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This was a nice move of around 50%

Still I know who my advisor would be!

[Boggo]

Looks like someone has had enough. Current market depth just after the close.

[mrlister]

Pretty easy to find the negatives in the current market and when gold plunges. That is something called a fundamental.... A couple of days back the charts were lookin pretty good for RED. LI guess I'm just glad I didn't take tech's advice and go on a worthwhile stock called MAD at the 1.30 mark!

Seems as though all you 2 do is weed out the negatives. Pretty sad existence if you ask me. Reality is that the last 2 days have been terrible globally, especially for gold which is now trading mid 1.5k ish. NCM around 23. NST around .8. Etc etc. I suggest you both go buy a dog.

[Boggo]

You may need to chill out and just deal with what is actually happening with the stock price, regardless of what is causing it.
My recent posts on this stock have been statements of fact, not a personal attack on you.

Below is an extract from a post by Joe on another thread earlier this week.

If there is some part of my analysis, charts or recent statements (within the rules) about RED that you do not understand then feel free to ask.

Many holders do tend to get their knickers in a twist when anyone expresses a bearish view on whatever stock is being discussed. My policy here at ASF is all views are welcome, as long as the person expressing them explains their thinking and abides by the forum rules.

[jancha]

My financial adviser who is a bit of a realist suggested last night that I go short today with a potential target of 1.259.

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For a penny stock why would your financial adviser even bother with RED unless your interested in it?
Oh by the way looks like that so called big seller whose had enough changed his mind and cancelled his sell order...such is the market.

[Boggo]

For a penny stock why would your financial adviser even bother with RED unless your interested in it?

See post 2712 above for a picture of my financial advisor

Probably interested in anything that can make a quick squid for its owner

[jancha]

See post 2712 above for a picture of my financial advisor

Probably interested in anything that can make a quick squid for its owner

Your financial adviser needs cosmetic surgery and maybe a weight loss program.

[Boggo]

Your financial adviser needs cosmetic surgery and maybe a weight loss program.

I'll pass that on