Sean K
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The problem I see is that every 2 years or so they do a capital raise and add a few miliions shares.
Red 5 announces "King of the Hills" construction powers ahead with first Gold pour expected by early June quarter 2022!They will need some more money to finish their mill off. Capex to come is $226m and they have about $50m in the bank. So, that will have to come from somewhere.
Last presentation has the details.
Am invested twice with systematic trading..?.but got burnt by this dog in the past..trade yes..short term but it is a pig with lipstick based on past experience...Red 5 announces "King of the Hills" construction powers ahead with first Gold pour expected by early June quarter 2022!
Red 5 sp taken off as @ 0.255c +13.33% on big volume/momentum
DYOR as always
Cheers tela
as long as mgt is same, do not expect miracle..they were having a mine in a Muslim insurgency area when I started looking at them..same on other gold stock in burkina faso or Niger/Mali..seriouslyWould probably say that KOTH is a game changer now though Frog.
The bottom has been 15/16c recently and in the past.
For those who have entered when at that level, the future looks pretty good, imo.
but did great today..how long before SPP? cynical? maybe...Would probably say that KOTH is a game changer now though Frog.
The bottom has been 15/16c recently and in the past.
For those who have entered when at that level, the future looks pretty good, imo.
RED are fully funded frog plus they've just sold Siana gold project for $55M (refer 21/09 announcement)but did great today..how long before SPP? cynical? maybe...
This is rarely an issue for greed?RED are fully funded frog plus they've just sold Siana gold project for $55M (refer 21/09 announcement)
RED 5 Ltd (ASX:RED) Share Price - Market Index
Today’s RED share price, stock chart and announcements. View dividend history, insider trades and ASX analyst consensus.www.marketindex.com.au
Red 5 powers ahead with construction ramp-up at King of the Hills Gold Project
Red 5 Ltd (ASX:RED) has made further headway at its cornerstone King of the Hills (KOTH) project, where construction is underway on one of Australia’s most...www.proactiveinvestors.com.au
Fully funded so no more capital raising necessary as was successfully completed back in March '21.This is rarely an issue for greed?
As i own, i hope you are right, it also takes some times to prepare and launch a capital rise so hopefully I will be out before with a neat profit
Watch from 20:45 onwards as Jason covers analysis about Red 5This is rarely an issue for greed?
As i own, i hope you are right, it also takes some times to prepare and launch a capital rise so hopefully I will be out before with a neat profit
Gold up about +2% overnightWatch from 20:45 onwards as Jason covers analysis about Red 5
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