Red 5 triangleif it can break 0.22 on good volume expecting pullback and then next stop 0.38. otherwise a longer hod at 0.18 for a , if it can hold it should push higherLongby T888BoUpdated 8
47% rise for RED 5 Fill the Gap - 47% play for RED 5. By Jun they will be producing gold .. and sitting on 4 Moz deposits. I have a long-term play for 2.35 on this one. Longby Nope_I_Dont_Agree111
RED 5 Limited (RED) - LONGASX:RED RED 5 Limited (RED) - LONG Red 5 Limited, together with its subsidiaries, engages in the exploration, production, and mining of gold deposits and mineral properties in the Philippines and Australia. The company holds interests in the Siana Gold project located in the Island of Mindanao, the Philippines; King of the Hills Gold project located in the Eastern Goldfields of Western Australia; and Darlot Gold mine situated in the north-east of Perth in Western Australia. Technicals: Red is another one like NCZ which has huge upside potential, this is a long term trade for me. Nice bounce on the weekly TL, ascending triangle formation and TL holding steady. Great setup with a nice RRR. 50% & 61.8% & 200 EMA providing strong levels of support. Conservative traders could wait for BO. Disclosure: holding from 0.25. Fundamentals: RED's earnings growth (97.1% per year) is above the savings rate (2%) whilst also growing faster than that of the Australian market. The earnings are expected to grow quite significantly over the next 3 years. It’s revenue (35% per year) is aswell growing faster than that of the Australian market. Their Return on Equity is also favorably high and growing. In relation to debt, RED’s short term assets (A$164.2M) exceeds its long term liabilities (A$50.9M) with their debt to equity ratio sitting at only 6%, - considered satisfactory. The debt is well covered by their operating cashflow (434.6%) and they have 10.9x coverage on their interest payments. Mark Williams, the Managing Director of Red 5 Limited has been there since January 16, 2014. He served as the General Manager of the Tampakan Copper Gold Project at GlencoreXstrata Plc since 2007 until 2013. He has experience in mining operations in a diverse range of open cut and underground environments. He has worked in developed markets of Australia, United Kingdom and New Zealand and emerging markets of Philippines, Vietnam and Thailand. The rest of the board members are also considered experienced with 6.3 years average tenure between them. Within the previous week my eyes have been on the insto’s - Credit Suisse, Commonwealth Bank, Goldman Sachs, JPMorgan, Merrill Lynch, and Morgan Stanley were all accumulating substantial amounts of RED. Never take stock tips. Educate yourself and always DYOR while implementing a rigid risk management plan before investing your own money.Longby simplyasx1
Red 5 Limtied Bull flag nearing its endWith Red on the verge of announcing financing for its King of the Hills processing plant, it is now in the process of completing a bull flag (triangle if you wish). The processing plant will mean no more haulage of ore to the Aphrodite Processing plant 50 km north... a big savings in costs, and with a 16 year 2.4m oz resource, the return on investment is scheduled to be completed in the first two years of production starting in 2022. Has upside.Longby ClinicalTrader111
$RED - Daily, Price bounced off 38.2% fibs, trend looks strong$RED.asx - Daily, Price bounced off 38.2% fibs and support area, trend looks strong with indis are showing bullish signs...looks set to test old highs around 37-37.5c.. with current Gold spot price at US$1600/ oz...took a position, Let's see... FA wise: Gold producer with several projects going to expand resource holding Longby jepunk116
$RED - Will it break through resistance and keep climbing?I've been holding RED since the low .09s and its been trying to establish a base at 10 cents for a little while now. That 11 cent ceiling is proving troublesome and its become stuck in that 10-11 cent channel. Has had SUCH a good consistent run so hopefully it will breakout and continue. Gold sector is a little flat too at the moment with the US / China uncertainty but one to watch especially if it breaks that 11 cent mark. Red 5 Limited is an Australia-based company, which is engaged in gold production and mineral exploration in the Philippines. The Company's principal asset is the Siana Gold Project. Its Siana Gold Project is situated on the island of Mindanao in the Philippines. The Company's principal asset also includes the Mapawa Project, which is located approximately 20 kilometers north of Siana Gold Project. Its Mapawa Project is a gold-copper porphyry prospect, which forms part of the Company's regional tenement portfolio in the prospective Surigao del Norte mining province in the Philippines. The Company's exploration targets across its tenements include Siana Gold Project-underground in-fill drilling, Dayano propect, Alegria propect and Madja propect. The Siana Gold Project produces a total of approximately 59,663 ounces of gold. Its Siana Gold Project processing plant processes a total of over 692,384 tons of ore per annum. Longby zAngusUpdated 3
RED range trade with notesRed range has begun, no longer holding, on watch Dont know, dont care, its just a ticker to meShortby nfury82
RED.ASX Technical Analysis1. Share prices have been on an upward trend since Nov 2017 and breached its 500 moving average in Dec 2017. 2. Share prices have been trading in an upward price channel since it broke out above the 500 moving average. 3. Some strong resistance at around 0.072 price point for the last two and half weeks. 4. There is a head and shoulder price pattern forming now and prices could go south if it fails to break above the current resistance 0.072. 5. A break above 0.072 could see share prices continue to the upside 6. A completion of the head and shoulder price pattern could see prices fall below the neckline and head down towards 0.059-0.054by Rotuma1