RED for Gold

[Joshuatree]

Glad i switched some out oF PGI into RED up re 10c or so today PGI down a tad. Both the best valued junior early Gold developers on the ASX imop. cheers

[skid]

Jees,that 2 yr chart makes me seasick

[Joshuatree]

Great alright ;nearly all gold producers have made good bounces. Hope the bottom is in but one thing for sure more folks will be throwing up.

[Joshuatree]

Wish i could say its a green day for red, BUT its a very Red on Red unfort. No update for a while, leaky ship bad news coming?

[Joshuatree]

Looks like RED has bottomed with management shakeup, contractors under review etc.Being a lowest cost producer helps hanging in for the rewards which i still believe are on their way.

[Joshuatree]

Have increased my holdings today . Tropical storm in the phillipines has dampened s/p.

[Joshuatree]

From a very recent low of sub 90c re Dec 3rd( i bought more @90c) RED has bounded up to $1.27. Rumour has it that Oceania gold are building a stake. Great to be well in the black
in this still undervalued but not derisked producer.

[shasta]

Anyone following/still in RED, have been looking around for an undervalued gold producer that's still off the radar.

Next couple of quarters likely to produce 36,000 - 40,000 oz in total and cash costs/AISC have dropped markedly this last quarter and should lower further with less stripping required.

Enough drilling and action to keep the news flow going.

Disc - in at 10.5c

[shasta]

Anyone following/still in RED, have been looking around for an undervalued gold producer that's still off the radar.

Next couple of quarters likely to produce 36,000 - 40,000 oz in total and cash costs/AISC have dropped markedly this last quarter and should lower further with less stripping required.

Enough drilling and action to keep the news flow going.

Disc - in at 10.5c

That was a short lived trade, in at 10.5 out at 14.5, still a good story, producing gold NOW and market cap still way undervalued against other gold producers, given FY16 production meant to be around 80k/oz.

Better short term options, if it drops below 12c i'll be back in for another trade.

[SCHUMACHER]

Shasta thanks for bringing this to my attention - i will wait and see if it drops a bit before entry - looks ok on the surface - ill need to do some homework on it overnight / cost per ounce looks good if gold stays at current levels

nice trade for 40%

[SCHUMACHER]

RED up slightly today - i know some of you like this one so ill take some time to read up this afternoon and tomorrow

cheers Schu