RED’s 31 March 2009 announcement (excerpt below) was very positive but went relatively unnoticed (apart from initial spike to .059). Does show what potential the project has.
“Siana Ore Reserve doubles with
completion of underground mine study
Combined surface stockpile, open cut and underground
Probable Ore Reserve now 5.1 million tonnes at 4.3 g/t gold
(708,000 ounces) and 8.9 g/t silver (1.46 million ounces)
an increase of 105% by gold ounces over the previous
One large sell went through this morning (15M shares @ .051 = $765K)