Breaking Down the Mining News of the Day, Money of Mine

Money of Mine

Breaking Down the Mining News of the Day

An ex-underground miner, an ex-investment banker, and an ex-equity research guy breaking down the mining news of the day. It's a bit of entertainment, information, and occasionally some alpha.

Equity Bottom-Up

<ul><li>Red Five sold 412 million shares acquired through the process of merging with Silver Lake, making a tidy profit of 30 million</li><li>The move gives Red Five nearly $500 million in cash and bullion with no debt, providing significant flexibility for the company</li><li>Len's discussion in the Diggers presentation indicated that this was a medium-term strategy with potential action by June 2025 for evaluating and dealing with the shares</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Red Five sold 412 million shares acquired through the process of merging with Silver Lake, making a tidy profit of 30 millionThe move gives Red Five nearly $500 million in cash and bullion with no debt, providing significant flexibility for the companyLen's discussion in the Diggers presentation indicated that this was a medium-term strategy with potential action by June 2025 for evaluating and dealing with the sharesThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Australia

Red 5 Limited is a minieral exploration and development company. The Company's principal asset is the Siana Gold Project in the Philippines held under a Mineral Production Sharing Agreement by a Red5 Philippine compliant company. Red 5's second asset is the Mapawa MPSA, located north of Siana.

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Red 5 Ltd (RED AU)

All Eyes on Jadar + Red 5’s Next Move

Red 5 sold 412 million shares acquired from Silver Lake for a profit of 30 million, increasing their cash reserves to almost $500 million with no...

Money of Mine

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