I sold RED back in August 2011 for $2 (Gold was around $1900 at the time). Haven't been paying much attention of late. Will revisit it if gold hits $1200. RED is one of the most promising gold stocks around and a must for any portfolio.
I agree too re: asset sales.
I would think that the banks wanted certain collateral steps.
either...and in due course...
1. Sell AB
or
2. Sell Southern Region Assets
but...if all goes well and if enough funds are raised and banks agree to refinance, they won't have to sell anything..
Especially if the zinc price get's moving.
The million dollar question short-term though is where is Chinese demand?
KZL Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
