Australian (ASX) Stock Market Forum

Red seems to have settled in around this price. Can't really see what would make it move too much. There is very little volume.
 
Where is everybody, beatle, mardo, mgm1a, anderbond !!? This thread is dying a slow death - just like the SP. Any hopefuls left? Not me.:eek:
 
Where is everybody, beatle, mardo, mgm1a, anderbond !!? This thread is dying a slow death - just like the SP. Any hopefuls left? Not me.:eek:

Maybe Beatles been slowly selling of his shares.....the amount of times he's bought on the dips thru his postings he should have had quite a few to sell!!
Fundamentally the sp doesn't look right. Before RED were in production they had a sp of more than 23c = $2.30 and now sitting @ $1.56 = 15.6c.
The quarterly report was nothing out of the norm....the silver ore content was to be high as expected from the area to where the ore was taken so whats the go?
I guess it's just another opportunistic time to buy more RED as Beatle would say (Geez hope the poor bugger's alright). Who knows...He could have been the sad looking fella holding an empty bottle of red in line at Centre Link the other day. lol

Now do we have to wait for the next quarterly before the buyers get interested in RED again?
 
Gold stocks are really underperforming :banghead:

NCM has dropped a pretty penny. I usually look at the top few market cap gold stocks. If a few of them drop the rest of the specs follow... and it looks like NCM is still on a down trend unfortunately.
 
When does the sp ever look right fundamentally? Probably never.

Anyway, good buying opportunity hopefully about to emerge.

A good buying opportunity.........how many times have I heard that.:p: It was a gbo at 1.90 and at 1.70 etc and now and all points in between. It`s only a gbo if a profit can be made or the long termers start growing grass from their ears, listening for that whizzbang announcement and further pos. drilling results.

Time to log in beatle, we all miss you.
 
Beatle made and continued to make some pretty stupid comments with regard to RED.

He couldnt pull the wool over some of us old timers.
So my guess is he's gone somewhere else that will
agree with him.
Either that or hes lost a motzza!
 
A good buying opportunity.........how many times have I heard that.:p: It was a gbo at 1.90 and at 1.70 etc and now and all points in between.

Wouldn't hear that from me. It will be a good buying opportunity when it bottoms out at long term support (if it goes there).
 
Wouldn't hear that from me. It will be a good buying opportunity when it bottoms out at long term support (if it goes there).

Well its right on support now. Go get it.

RED.gif

But then again is this on support yet?

GC 06-12 (Daily)  25_05_2011 - 10_05_2012.jpg
 
Put Newcrest and Reds charts together and they look very similiar. So why are they dropping so heavily (Newcrest down around 30% from their high and ps a no penny stock) Gold has been at $1600 an oz before and bounced back but if you look at NCM they basically have just been in a down trend . Is short term because of Countries in trouble selling their gold assets to keep there heads above water or has gold had it's run and the market pricing it in?
 
Is short term because of Countries in trouble selling their gold assets to keep there heads above water or has gold had it's run and the market pricing it in?

I have not heard of even a single instance of any country even considering selling it's gold assets. Indeed that would be downright insanity at a time like this.

Gold will have had it's run when the USD is finished.
 
Again

People fully blinkered and un able to conceed that RED is affected by Gold Price.
Blindly holding on.
All the other rubbish is of little short term value (announcements).

I believe someone bet me a house at $1.20.
 
Again

People fully blinkered and un able to conceed that RED is affected by Gold Price.
Blindly holding on.
All the other rubbish is of little short term value (announcements).

I believe someone bet me a house at $1.20.

if red hits $1.20 i think i will sell my house and buy more red......red has been panick sold.........
 
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