Australian (ASX) Stock Market Forum

So bizzaire though, now more than 2 hours after market open and still not a single trade :cautious:

Does this indicate that all (or most) of the previous week's buying has been by instos, and they're now finished?
 
Just means there is a lack of interest in sellers and buyers. Instos or retail holders or traders who knows.

One or 2 people wantign to sell at 2.25.

Some buyers in at 2.23 and 2.22 etc. Not much interest today for RED it seems.

RED sp ain't fun when it is near it's 12 year highs..

Trading range has been mostly $1.20-$2.30 no? Will take a nice announcement to bring it over $2.40 imo.
 
Everyone knows that there is an announcement around the corner and those that want to hold are holding, those that are traders probably are holding off.

Really Boggo you need to move on IMO. Its NOT a 20 cent speccy! Its got a market cap of close to $300 million! (IF you split BHP into enough shares it would also be what you term a 20 cents speccy! Absolute garbage).
 
Everyone knows that there is an announcement around the corner and those that want to hold are holding, those that are traders probably are holding off.

Really Boggo you need to move on IMO. Its NOT a 20 cent speccy! Its got a market cap of close to $300 million! (IF you split BHP into enough shares it would also be what you term a 20 cents speccy! Absolute garbage).

Have to agree on this with you Beatle. Just waiting on announcement. At least there's no leaks within RED management as to how it will pan out.
Boggo me thinks RED being in production is not so much as a specy as other explorers out there. Stirring the pot my friend?
 
where are the words that they are actually in production? its all about ramping up, and modifying this and that...but never have i seen that they are actually in production, apart from that one 'first gold' announcement.
 
where are the words that they are actually in production? its all about ramping up, and modifying this and that...but never have i seen that they are actually in production, apart from that one 'first gold' announcement.

What would you classify RED as a Explorer or Producer?:banghead:
 

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For how long do you think that will remain? What have they got a piece of dirt or a plant producing gold and silver?

No point arguing this guys. Can see Boggo's point though, they haven't fully demonstrated they are in production yet - still a speculative buy. Look at that, I just entered the argument.
 
Well i hope for me own sake & others that most investors are seeing RED the same way as good ol Boggo & co as it only means that when the next announcement does comes out regarding production the sp will sky rocket.:D
 
We need beatle's expert advice

For a few months now I used to read copious pages of stuff waiting patiently for each new announcement so I would see all this rhetoric come into play and get completely overwhelmed by the speed this stock flew into the un charted blue.

But
Announcement after announcement opinion after opinion dissection after dissection this wonder of modern trading has still ranged from 1.40 to 2.30.
Despite reams of positive spin.

Underwhelming comes to mind
Boredom another.
Waste of funds another.
Opportunity cost another.

In the words of the great
Fundamentalist Ducati
Carry on.

Sorry

In MY OPINION

others may differ--naturally.
 
Beatle has a wealth of knowledge regarding the stock.

Different views are always appreciated..

No response to announcements makes for a very boring thread. The more spruiking and T/A and bagging gives for a more interesting analysis of the stock
 
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