Australian (ASX) Stock Market Forum

Hi Everyone, WOW it's great to see our Red family of investors growing so rapidly, and it's great to see your posts and your interest with such a profitably and prosperous company, such as Red. OMG, how can any of us go wrong. With Reds potential and with the amount of investors still to jumping on board(currently 12.9m buys, to 5.6m sells), and AB's obs with Mapawa being 10 fold the size of Siana. WOW, i can't get that figure out of my head; what an investment...

What a fantastic couple of days, currently 20% in 2 days, i did believe were in for another scambling, and i don't think we have seen the last of it. Especially if AB's source is true in what he says, and i believe he is, that the finance ann is set to be released to the public in the next week ot two. We just have to be patient, it is near...
I just hope those patient investors don't get itchy. Now knowing the size of Mapawa, that has just convinced me more, to hanging on to my precsious little gold mine or two, LOL.

To Rick64: Mate I've got to tell you, and sorry Beetle, but i, myself sold the majority of my Blue chips/spec stocks to virtually invest in Red. I could see the potential, that was a little over a year ago now . It boils down to common sense, I think. Explorer to GOLD MINER. The math is there. I know there are still political issues over in the phyills, but I'm preying that , that doesn't effect us. Red has so much going for it, and it's still a very cheap stock. You go and $10k worth at 50 cents, so how many you get!

I want to buy more, but my wife has had her say. I brought a brand new Harely in march, and said i would sell it, if Red went to 8 cents. I'm now really greatful, I've got a 60 odd % profit and still got my hog.
And Bettle, buddy if your that full to the brim you could always throw a few shares to your old mate, LOL. How could anyone be that full of Red Shares, i couldn't have enough, LOL.

And AB, i love a nice drop of RED, but only have XXXX in the fridge. Im having a nice bottle of that. Just tring to read the bottom of that, i can see a golden future ahead...

Go RED, your time has come !!!



GO RED..............................................
 
Haha Mr Moit you're a very positive person, and that's a... positive thing. LOLOL :D

While I think holding more then say 50% in any one company is generally a bad idea (there are plenty of value opportunities similar to RED in the market right now), if you're THAT confident about something I say go for it. As long as you only risk money that you can afford to lose, and you aren't investing other people's money LOAD THE TRUCK UP haha. While RED probably isn't the best value share out there, it's up there near the top somewhere. Good luck to all holders and let's hope we get a positive financial agreement (100% debt, all at 2% above bank bill rate would get the SP MOVING).

PVF.

:2twocents
 
Hi PVF, and thanks for your post... I'm an extremely eggs-cited man, also knowing I've put almost all my eggs into nearly 1 basket but i have so much faith in RED, that it's unfathomable...

One thing I'd like to shead to light among us RED followers...

I've been talking to a person who through his accountant, gets his tax done yearly.The tax man seen how many RED shares he held, and said that he just met a client who had a S@#T load of RED shares and thats in the very same town i live in... It just goes to show how small of world we actually do live in, and just how popular RED 5 LIMITED is becoming...

And BEATLE i just reviewed my last post and i spelled your name differently, twice, Oops. PLS forgive lol...
 
Hey Beatle I was wondering if I could feature your latest analysis on RED in my blog, you're a very skilled writer and your analysis of RED would be far better then mine, of course all credit will be given, I'm just trying to get the stories of my shares out there and through the best writers possible. How about it?

Shoot me a PM :)
 
Can someone please tell me why anyone in there right mind would sell 5000 shares at 0.18c when we are at 0.205 and the chance of going higher... is there some ploy in this...:confused:
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Good morning all, I hope we are all bright RED eyed and bushy tailed ready for another battle on the market, lol?

Although the price of gold is off overnight and the DOW down a touch, I can't see it affecting RED's move, whatever that might be today, due to RED now trading on a different basis to the general market. I'm sure the aussie will also have a softening affect as it tends to react as a compensating factor to the US$ gold price (that's whats been happening over past weeks when gold was moving up).

IF RED is still a week or 2 away from news of the funding (according to Anderbond sources) then I assume its got that time to trade in the dark, and we can expect the unexpected, and learn how the bigger traders take a position! Most of us believe that the RED funding WILL happen, thus anyone wanting to position themselves for that announcement has just this period of time trading in the dark to act. Will it drop back upon the announcement? (Buy the rumour, sell the news as the saying goes). I don't think so, as I believe that some of the insto's that won't trade spec stocks will re-categorise RED outside of the specs and consider it a growth story, knowing its then on the path to first gold production in the coming year!

About your question ParleVousFrancais, of course I have no problem with you posting any of my analysis or commentaries on your webpage, as all it does is spread the message to a wider audience. I'm grateful for your compliment, and hope it achieves our objectives to enhance RED shareholder value (lol).

And I have no problems with your spelling Moit, I get the impression you might have RED eyes this morning, seems like you might have seen a lot of gold in the bottom of those XXXX bots! I'm interested to hear about your accountant referring to RED and lets hope that it finally gets the recognition that it deserves, as a completely discounted stock, about to be re-rated upwards in the market!

Desjosie, I agree with you, its again this mysterious manner to trading, I'd love to know if its a small seller wanting out or a bigger buyer trying to dampen expectations of a rising market (my view of course is more towards the latter!). Similarly, the 8,334 shares @ 24 cents on the Bid, lol - my trading system won't allow those sorts of "out of market" bid/offer (maybe they are both broker set/interposed trades). (I'll be interested to see if the 400,000 shares on Offer at 20.5 cents is real also, or whether it will get pulled just before opening!).
 
If someone has a theory/knowledge of why they impose a BOT to chomp away at 20 cents in 2,750 share bites at a time please let me know. All it does is make me know the bigger guys are around!
 
Well the 400,000 shares were not pulled, and its getting chomped at 2,750 lots per chomp! I really can't understand why someone would want to sell at this level knowing some big insto is taking this at current levels - they are not buying serious amounts of stock at this level thinking they will just leave it to make a 1 cent turn surely!

On another point CEB2, sorry I forgot your request and will think about it (I would hate to give you a bum steer after this positive experience with RED, but please note that AOH is breaking out at present, I have got a few of them - its the former VCN and is in the process of starting up its copper project in Finland, and has a market cap of only about $60 million).

By the way Yuyu, of course the number of shares on issue is always a problem with companies (yet it does allow better liquidity too), but at the end of the analysis I agree with Fastbuck, that its the market cap that is more relevant. So it doesn't matter that MML has got a lot less shares than RED, its the fact that its got a market cap of more than A$1 billion that matters in any comparison with RED.
 
Hey all, Been reading these forums for a month or so now and have to say it has become a religous thing now :D New to trading so reading all these posts and learning as i go. Been reading the RED post now with great interest. Just trying to figure out if and when to buy in. Very e$citing times ahead for some of you no doubt :D Big thanks to people posting informative information for noobs like myself. Anyway back to the closet for me :p:
 
Great to get your post First Timer, and keep glued to the trading activity on RED as it appears there are some serious trading activities in place at the moment!

There was just a trade of 4 million, then when I checked it realised that it was a crossing, AND that ALL the BOT trades are also CROSS TRADES! That might be a coincidence, but its an interesting coincidence! The broker obviously would have to confirm his hand in undertaking cross trades for the buyer/seller IF they don't know already! I can see this trading amounting to only the share price going higher once the time is right! (Thats not an intended ramp based on nothing than my biased opinion, its my gut feel for this sort of trading activity which has always been a significant indicator of something in the wind for RED).
 
Hi! First Timer and welcome.. Like you I am new to the world of Shares and my first bite of the Big (RED) Cherry was in this stock.. To answer your question imo if you are considering buying in, now would be the right time.. with a ann coming soon and some real strange buying (today) I personally cant see this moving much down (maybe Beatle can inform if I may be wrong)
I was considering buying more at the bottom of the week at 0.16c as previously posted.. but I think I have missed that boat.. Good luck and again welcome..

And a new high has arrived as I post:D
 
Hey Beatle just informing you that I've posted your analysis of RED on my site, hopefully we get a few new members of the RED thread on ASF because of it, sure gets lonely in here sometimes!

Anyway back to "not watching" my RED shares ;)

:2twocents
 
Hey all, Been reading these forums for a month or so now and have to say it has become a religous thing now :D New to trading so reading all these posts and learning as i go. Been reading the RED post now with great interest. Just trying to figure out if and when to buy in. Very e$citing times ahead for some of you no doubt :D Big thanks to people posting informative information for noobs like myself. Anyway back to the closet for me :p:

I bought it at 17c just two days ago - if it keeps moving up at the same rate, I would suggest the time to buy in is now :D
 
Hi all, hope everyone slept OK, i know i did. Though i did wake up with red the eyes to Beatle, lol. About that guy who lives in the same town as me with the bucket load of RED shares. All i really know is he sold every stock he had and dumped the lot on RED. That has come from an accountant, actually my accountant.. I wouldn't have a clue who he is. Maybe we are talking to him as we speak on ASF. I'm intrigued though Beatle, you don't live near me do you??? lol.

10 Min's ago we just cracked the 21 c mark, and now building up great support at 20.5. Should be another great day. Come on you little beauty...
 
Hi Desjosie, and I agree with your views that with RED moving up then now is about as good a time as any if you haven't got enough RED already - but I'm a bit loathe to recommend it to First Timer if he is just picking up information about the market in a learning phase. Perhaps a small purchase that he can afford to walk away from won't be an issue, of course it depends upon his own financial situation.

On another matter, the trading is just going along the way it left off yesterday, with reasonably good volume (aided by that 1 off 4 mill trade!). It has occurred to me that it would be good if we DON'T get a new substantial shareholder notice from Baker Steel in the next few days - that would mean fresh new insto support maybe, and maybe that insto is the mythical Melb insto previously a possible new entrant into RED. Just my thoughts, but of course if its Baker Steel then that's ok too.
 
Well spoke to soon just cracked 21.5, and fantastic support at 21 c. Beatle the bots are very serious today, in 2750 lots, can you explain this at all??? It wouldn't be an insto trying to accumulating a very large amount. I have heard of this trading activity. I know I'm liking it...
 
Does anyone want to make a guess where this sp will end today?? surely now red have to put a TH on and make an announcment... or do you think its still at the most 2 weeks away
 
Well Desjosie, I was surprised RED didn't get a ticket the other day, but as Fastbuck made a good point that having it happen on a day when the whole market, and esp the gold stocks, go crazy helped RED's cause. Therefore I hope its another couple of weeks of this trading activity, lol!

One thing I can say with this BOT trading, it makes me feel very confident its not trying to keep the price down, its chomping ever higher each level it gets too. That surely must be a sign to anyone getting nervous that the share price is not going down in a hurry! (I suggest we hold strong and make them take it closer to where its fundamental value is before we get any real selling out!). Who knows, it might be another corporate stalking RED for Mapawa etc, say Kingsgate would be a likely candidate IMO!
 
Eh CEB2, are you responsible for spreading the rumour that RED will be putting out an announcement to the market after close of business today, with an intention to change its name, from RED to GREEN!!!
 
I would be interested in feedback from some of the longer term shareholders in RED, that are not apt to trade for a 0.5 - 1.0 cent gain:

If you have been a longer term shareholder/follower of RED I'm sure you would be as convinced as me that we are now in the midst of RED's initial re-rating by the market, with an expectation that funding is soon to be announced -the reassurance we got from its ASX release that development of Siana remains on track for gold production in the second quarter of 2011 probably has an unwritten notice and expectation of funding to follow! Therefore, if we are in the midst of that re-rating and it could move right past 30 cents based on fundamental valuation of Siana alone, why would you consider selling your shares at this price?

Do others have that same view of RED as me, or do you feel that its better to take profits at this halfway place, to ensure that you cut your risk profile? I have read ParleVousFrancais webpage commentary, and his view is appreciated on here.

I feel that whilst there are sellers out there, the buyers, who are presumably larger insto's, have a little time on their hands to hold the share price at each level waiting to allow the trickling out of weaker holders.

I for one do not have any intention of selling at anything like this initial stage of RED's re-rating. I am convinced that the buyers are not out to get a 1 cent gain, they are largely in to RED in a bigger longer term way, to extract much more value based on gold production and a development schedule that should see production in April 2011.

Thats my view anyway, any other views on this are welcome and sought . . .

Hi Beatle...as a long term holder (4 years plus!) I doubt whether I'll be selling anything, short term. I originally bought at around 10c, bought loads more during the GFC from 4c to 7.5c, then bought more at 15.5c last December. My view may be different from others but I have always believed that despite the less than dynamic management, RED had great assets which were worth multiples of the prevailing share price, and that remains my view, despite this current spike. As you constantly point out, (and which coincides with my view) Siana alone is worth over 35cps, whilst the elephant in the room is, of course, Mapawa. I wouldn't consider selling a share below 60c, but my investment horizons will differ from many others. By the way, trying to analyze algorythmic trading is pointless!
 
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