Lol - I don't have that many holdings to go to the Bahamas
nothing wrong with a correction, nothing is worse than a huge spike only to see it fall back to earth, todays depth looks good plenty of buyers @.185 , gold price has steadied hopefully red's first pour will see the gold price @$2 000 per oz...and we can all move the the Bahamas and sipp exotic beer and drink quality coffee......
Eh NewTrade, seems you ride the RED horse daily like I do, but from a different perspective - i look at it from a longer term point of view knowing that despite the short term cycles the fundamental value of RED with Siana is at least double what it is trading at now so that keeps my strong when RED is dropping. With you seems you are looking at it with a shorter and technical perspective in mind. That is obviously a way to trade successfully and so I'm not knocking that at all, but I would suggest to you that it may not be an easy way to trade RED as I remain of the view that we won't get full value until the first gold is poured regardless of what the gold price is at that time. And as each day gets closer to that time I am getting more excited - of course it doesn't stop me from getting frustrated too, and whingeing about it from time to time (after all I am only a mere human, sorry beatle, lol).
Eh NewTrade, seems you ride the RED horse daily like I do, but from a different perspective - i look at it from a longer term point of view knowing that despite the short term cycles the fundamental value of RED with Siana is at least double what it is trading at now so that keeps my strong when RED is dropping. With you seems you are looking at it with a shorter and technical perspective in mind. That is obviously a way to trade successfully and so I'm not knocking that at all, but I would suggest to you that it may not be an easy way to trade RED as I remain of the view that we won't get full value until the first gold is poured regardless of what the gold price is at that time. And as each day gets closer to that time I am getting more excited - of course it doesn't stop me from getting frustrated too, and whingeing about it from time to time (after all I am only a mere human, sorry beatle, lol).
I'm with you on RED beatle but you have to remember that there's quite a few stocks out there that are trading well under half their true value. The difference is that the ones i'm looking at aren't gold stocks and wont be moving anywhere too soon unless theres a take over bid. Red on the other hand is a gold stock and unlike other gold stocks is under valued with plenty of ticks in the boxes. RED is worth holding under current conditions. After Bernakies speach tonight i'd guess there'd be rebound on gold.
It really depends about Bernanke. The market could sway either way - but gold could maintain a good price regardless of the result tonight.
In regards to take-over; it is a possibility. However I don't know if it will be allowed by RED unless there is a huge incentive. Consider RED has a working machine, land, de-watered pit and workers PAID with an approximate 20m surplus!
Things are looking great. And who knows, perhaps after a year or so of production we could see a much larger outcome in SP than 30c+, we may see the company get a generous evaluation.
(Dear God - please make RED shares worth a dollar each)
In regards to T/O bids? You didn't read the post correctly. I was refering to the other companies share price not doing anything under current market conditions unless a T/O. Nothing about RED being taken over as i cant see that happening.
Gold up 3% last night heading back to where it was. They say that if there's a bull run a commodity as with gold if there isn't any healthy corrections long the way it has the potential to collapse very quickly. Gold looking pretty good atm.
My only worry is if there's a sell off on gold from countries like Greece & Portugal who between them have 500 tons of gold. Is that a possibility? They would get a fair price for it now and be debt free. Dont no much about this so others opinions on this would be good.
Ive been watching RED for the last 12 months and I havent seen anything that really has made me think that I should buy in.
There reports are few and far between (Intrest needs regular posative reports), to be honest it is trading at about the same as 12 months ago with the odd bounce to 20 or so cents and looking like being interesting ,then to see it receed back to 17 or so cents.
To be honest RED needs to break 21 cents before most will even look at it.
In saying this I hope it does and I will jump on the train.
It does seem to be holding up through recent downtrends but the question is how long can it hold up for?
Early this coming week will be a test.
A break of 21 cents and I will consider RED but not before.
Hi Moit thanks for the warm welcome.
Well im in at 19.5 @ 208,000 this morning but its sad to say that I will be out at .20 at this stage.
On the candle stick chart RED looks like it's just about ready to go the next level and go past 21c even tho the volume is fairly low.
I'm no chartist but if there are any around i certainly would appreciate their point of view.
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