Australian (ASX) Stock Market Forum

Noticed the Inside Trader have a buy recommendation. Might fire it up a bit. :rolleyes: To quote.........

RED 5 (RED)

Here's a gold company with no debt, low cash costs for extraction and operates in a stable country, the Philippines.

It has had some slight delays in production (which is not unusual) but should be getting some results and news out soon. It is currently near 52 week lows and looks like a good entry point.

Smart money is re-entering and 3 brokers have a BUY rating on it.
 
Like this quick reversal today off some good volume
So have a parcel looking for a quick trade.
At $1.36 Stop $1.31 target up to $1.69

Well Gold in general looks a bit shakey. RED down as low as $1.25 eek!!
Hope you got your quick trade or did you get stopped out?
 
Noticed the Inside Trader have a buy recommendation. Might fire it up a bit. :rolleyes: To quote.........

RED 5 (RED)

Here's a gold company with no debt, low cash costs for extraction and operates in a stable country, the Philippines.

It has had some slight delays in production (which is not unusual) but should be getting some results and news out soon. It is currently near 52 week lows and looks like a good entry point.

Smart money is re-entering and 3 brokers have a BUY rating on it.

Always a worry when they have a buy on a stock.....usually means the reverse....SELL!
 
I take my hat off to you .Fine work at the moment unless it crashes further.We might be in with a chance because Tech/a has left the building.

Once in awhile we all get it right..... some more than others. Hey Figjam lol
 
Once in awhile we all get it right..... some more than others. Hey Figjam lol

Accept that and live with it.

Can we just get back to the topic of RED and accept that there are opinions and methods that may not be to your liking or understanding, it does not make infantile schoolyard taunting acceptable.
Continue with it if you want but I think the majority on here would just like to see many of the available ways of achieving an outcome.

BTW, we are waiting for yours :remybussi
 
Accept that and live with it.

Can we just get back to the topic of RED and accept that there are opinions and methods that may not be to your liking or understanding, it does not make infantile schoolyard taunting acceptable.
Continue with it if you want but I think the majority on here would just like to see many of the available ways of achieving an outcome.

BTW, we are waiting for yours :remybussi

Calm down Boogo I am on the topic of RED and actually holding them atm. You?
Unlike yourself i dont go bragging about how good I am when i'm correct or is gloating something to do with the topic of RED?
Majority on here would like to make an income and you & Techs contribution towards this goal has been useful so if i've hurt your little feelings with a bit of bantering which you yourself have given out in the past i apologise.:D
 
The comments on this RED thread seem to be following a familiar pattern.
There are usually two each year that get intense and tend to provide some humour.
I was wondering if there would be another before the end of the year and it looks like RED is it.

This was when this stock was trading at around 9 cents...
https://www.aussiestockforums.com/forums/showthread.php?t=5004&p=618870&viewfull=1#post618870

This is about when Boogo step up to the plate in REDs thread. Cant see any charts just a bit of humour and banter.:D
 
Back to REDs fundamentals... As i mentioned i'd flew over to Manila last month to check out the mine site however with a typhoon brewing didn't risk the plane trip to Mindanao in case i got stranded there and missed my flight back. However CanaccordBGF paid a recent site visit to RED and hence has them at speculative buy with a price target of $3.20.
High Gold Grades & Silver Credits will make RED one of the lowest cost produces on the ASX. With No Debt No Hedge and a favourable fiscal regime.
Anyway an interesting evaluation by CanaccordBGF of RED on site.
PS REDs Activity report should be out the week after next.:D
 

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