VAU - Vault Minerals

[tech/a]

not a bad start today....but still has quite got the gas to climb that hill

No stocks can move forward until supply is either withdrawn or overcome by demand.
The highs are being tested again.
Lots of effort with a strong gap up.
For any climb to be sustained we need to see a strong break of resistance at $2.40

 

[mrlister]

if i was a smart man i would have sold at mid 30's. but i wasn't expecting it and was too slow. do you think it will rise again today? or are the charts pointing south?

ive given up hoping ((

 

[tech/a]

if i was a smart man i would have sold at mid 30's. but i wasn't expecting it and was too slow. do you think it will rise again today? or are the charts pointing south?

ive given up hoping ((

The recient highs are being tested again.
And again we are seeing resistance.
To me this indicates traders who set sells at these levels.
If supply dries up and only testing of the highs on lower volume will indicate this maybe occurring
But the real signal will be a clear effort to bridge resistance by either a strong gap above or a high volume wide range bar straight through which holds against any test of the break.

So in short I think it will go south from the current evidence.
It is really at a pivotal point.

 

[mrlister]

The recient highs are being tested again.
And again we are seeing resistance.
To me this indicates traders who set sells at these levels.
If supply dries up and only testing of the highs on lower volume will indicate this maybe occurring
But the real signal will be a clear effort to bridge resistance by either a strong gap above or a high volume wide range bar straight through which holds against any test of the break.

So in short I think it will go south from the current evidence.
It is really at a pivotal point.

thanks tech. bickering aside, you advice really is well appreciated.

 

[Wa11y]

10:07:07 AM 2.390 10,522 25,147.580
10:07:07 AM 2.390 3,000 7,170.000

these were interesting.

 

[mrlister]

10:07:07 AM 2.390 10,522 25,147.580
10:07:07 AM 2.390 3,000 7,170.000

these were interesting.

whats also interesting is the volumes of buyers lined up. haven't seen this level of interest for a long time.

 

[Wa11y]

Rain around Siana so far this month has been minimal. Definitely a positive, given it's the first month of continuous production.

 

[mrlister]

Rain around Siana so far this month has been minimal. Definitely a positive, given it's the first month of continuous production.

but thats not the kind of news that would be common knowledge to spike the share price like that.

 

[beatle]

Hmmm
Just noticed RED is be added to the ASX 300

Now that might stir a bit of interest

Reeftip may have an explanation for the slight increase in demand, interest, and buying support for RED today:

There is only this week to go before RED is included within the ASX300 at the start of trading next Monday, thus some funds investors may be taking up their required index weighting ahead of the day it has to be included to comply with their trading rules.

If this is the case, you can assume that RED will continue to be strong for a few more days.

 

[Wa11y]

but thats not the kind of news that would be common knowledge to spike the share price like that.

Didn't mean it as a reason why it spiked today, I just looked out of interest and the worst day so far this month was 7mm rainfall.

 

[mrlister]

Didn't mean it as a reason why it spiked today, I just looked out of interest and the worst day so far this month was 7mm rainfall.

I would love to know why the interest today though. It's very odd seeing as there was no news.

 

[beatle]

Great opening, lol, but not sure it has much support! Perhaps some traders consider that the trend is UP thus have decided to hold off for a while. I HOPE, for the next 6 hours, haha.

But realistically, this minute by minute commentary on interpreting the charts will be all a distant memory once RED provides some information about significant production. All we need now is confirmation that gold is being produced along the lines of Production Guidance and its blast-off.

I think the best explanation of yesterday is RED's inclusion into the ASX300 for next Monday. I don't think that we are due to get a production update yet, although I'm not sure.

 

[Trembling Hand]

I would love to know why the interest today though. It's very odd seeing as there was no news.

I think the best explanation of yesterday is RED's inclusion into the ASX300 for next Monday. I don't think that we are due to get a production update yet, although I'm not sure.

It would of been hedgies front running the ASX300 inclusion. The funds that are mandated to buy the ASX300 will not have done so yet as they cannot trade stocks outside their approved list. BUT the hedgies will most certainly walk a stock and then provide the extra volume to the funds once they can trade it, of course for a small clip . Expect to see more volume over the next few weeks.

 

[beatle]

It would of been hedgies front running the ASX300 inclusion. The funds that are mandated to buy the ASX300 will not have done so yet as they cannot trade stocks outside their approved list. BUT the hedgies will most certainly walk a stock and then provide the extra volume to the funds once they can trade it, of course for a small clip . Expect to see more volume over the next few weeks.

You make a very good point TremblingHand, do you have any idea how broad the ASX300 funds are? I'm not aware pesonally, and thought it was minor. BUT inclusion within the ASX200 is clearly a bigger event, and this may be only a few quarters off for RED ONCE it confirms its on track to meet something like $90 million profit for the financial year (based on current gold price of course!)!

Just on the trades so far, i'm impressed that sellers are holding out at the moment, that must be a positive coming in front of that inclusion to the ASX300.

 

[skyQuake]

It would of been hedgies front running the ASX300 inclusion. The funds that are mandated to buy the ASX300 will not have done so yet as they cannot trade stocks outside their approved list. BUT the hedgies will most certainly walk a stock and then provide the extra volume to the funds once they can trade it, of course for a small clip . Expect to see more volume over the next few weeks.

Plus its also being added to the Market Vectors Junior Gold Miners Index. Which coincides with the S&P rebal this quarter.

Fun and games this Fri!

 

[tech/a]

So seems it is a lot of bot trading.
With more to come.

 

[mrlister]

So seems it is a lot of bot trading.
With more to come.

is that sarcasm? didnt you deny the existence of bot trading last week? im at a loss to know which way this is headed. noone is buying or selling.

 

[tech/a]

is that sarcasm? didnt you deny the existence of bot trading last week? im at a loss to know which way this is headed. noone is buying or selling.

No not sarcasm.
Didnt deny its existance ---- only here.
But with funds involved then Bots will be involved
Im told more and more so.---everywhere where algorithms can be applied.

As for direction
Nothing has changed still at resistance.

 

[beatle]

No not sarcasm.
Didnt deny its existance ---- only here.
But with funds involved then Bots will be involved
Im told more and more so.---everywhere where algorithms can be applied.

As for direction
Nothing has changed still at resistance.

MrLister I am not trying to quibble, but realistically IF you truly believe that Tech/a is only now realising that this stock is being Bot traded then honestly all the credibility of this technical commentary must be questioned.

RED has been Bot traded for the past year at least, you have to understand that funds groups have been in here for a long time. When a fund is buying to build up a stake on-market (and admittedly a lot of them invested via placement a while ago) they tend to have one request of the broker buying on their behalf - that they buy in at the days weighted average. That in itself requires careful algorithmic buying/selling during the day.

Anyone who denies Bot trading in RED, should be looked at with some doubts of his knowledge OR his motivations IMO. I think its a great thing that we are hanging up around this resistance level, seems that we might need an initiating factor to break it in coming days, BUT for sure if there is any positive announcement about production then RED will break it and not look back!

(By the way I don't like to post behind someone's back but I am sure the identical twin and the 20 cents speccy commentator Boggo will be looking on, lol).

Each days a battle for RED at the moment, and it can go both ways until the production realisation breaks the barriers!

 

[jancha]

I too have called it a 20c stock, thats the reality, it is a 20c stock that has had a 10:1 consolidation.

RED is trading around $2.18 and BPT is trading around $1.45, look at the pics below and tell me which one makes sense.

Just one Question for you Boggo how many 20c so called penny stocks get listed on the ASX 300? And what make sense is RED has more upside in whats to come than BPT imo. Trading around $2.30 now. Not $2 or $1.20. Each to their own.