VAU - Vault Minerals

[tech/a]

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.

From the ASX Site

S&P/ASX 200 Index

The S&P/ASX 200 Index (XJO) is recognised as the investable benchmark for the Australian equity market, it addresses the needs of investment managers to benchmark against a portfolio characterised by sufficient size and liquidity. The S&P/ASX 200 is comprised of the S&P/ASX 100 plus an additional 100 stocks. It forms the basis for the S&P/ASX 200 Index Future and Options and the SPDR S&P/ASX 200 Exchange Traded Fund (ETF).

S&P/ASX 300 Index

The S&P/ASX 300 Index*(XKO) provides additional depth and coverage to the S&P/ASX 200 whilst maintaining strict liquidity guidelines. It provides up to an additional 100 small-cap stocks to the S&P/ASX 200. Companies removed from the index*are replaced when a suitable candidate is available, or at the quarterly review. It forms the basis for the Vanuard Australian Shares Index 300 Exchange Traded Fund (ETF).

still acting like a 20c stock----- small cap!


*

 

[Boggo]

Just one Question for you Boggo how many 20c so called penny stocks get listed on the ASX 300?

Answer = 11, some are less than 20c though, is that ok ?

Let me know when RED gets out of the small caps and gets in the ASX 200.

Hope this list helps you out

 

[Wa11y]

This spec vs non-spec debate is futile. End it now I say.

 

[mrlister]

Back on RED. What are people's thoughts on today? When looked in isolation, it prob didn't do so well when compared to the market. A lot of big gainers today in mining sector. But those that watched it closer would have to of been impressed with how its sellers didn't lose their bundle when the buyers dried up. Noone was prepared to sell under 2.3 even when the next buyers were at 2.26. It held and made they buyers come back to meet at their price. I have never seen this from RED before.

Looking at how high Europe has opened, and positive news expected in US Overnight. Maybe now is itx chance to break free?

Thoughts?

 

[beatle]

Back on RED. What are people's thoughts on today? When looked in isolation, it prob didn't do so well when compared to the market. A lot of big gainers today in mining sector. But those that watched it closer would have to of been impressed with how its sellers didn't lose their bundle when the buyers dried up. Noone was prepared to sell under 2.3 even when the next buyers were at 2.26. It held and made they buyers come back to meet at their price. I have never seen this from RED before.

Looking at how high Europe has opened, and positive news expected in US Overnight. Maybe now is itx chance to break free?

Thoughts?

Hi MrLister, not sure which share you were watching today, RED actually did trade below $2.30 during the session but ended on the close spot on its VWAP for the day of $2.30! I think that points to the fact that the Bots did their job for funds/hedge groups who were probably the main buyers during the session.

With regard to your view that there's a chance to break free at the moment, actually no I don't think so. Perhaps the price can move up towards the first real resistance at $2.35 but I still think that it probably requires some production update confirming that the gold production is starting to bubble along. IMO until the market is convinced that all is well and there is a chance that they can in fact achieve something like Production Guidance Forecasts there will not be the conviction to the buying - BUT once that ramp up of gold production is indicated to be underway THEN we will see a quick jump above not only the resistance at $2.35/$2.40, but more like testing $2.60 and beyond.

RED is now on the brink of $300 million market cap! Once the ramp up is complete I can see it moving up towards and in excess of $500 million, thus a share price towards and beyond $3.90. Once it becomes clear that a PE around 3 is likely that could push it higher than that, but this is our next goal for longer term investors.

Traders should re-consider their short term trading strategy once it breaks those next coming resistance levels IMO as then its not likely to be range traded so successfully. Then you could be chasing it up!

 

[mrlister]

There were quite a few at 2.29, and dribbles at 2.28. But the bulk of the sellers were sitting at about 2.33-34 and the bulk of the buyers were sitting about the 2.25-2.26 mark. All the bot trading was at the 2.29-2.3 mark. They did do their Job well. 600k worth of shares traded without Impacting price too much.

 

[jancha]

From the ASX Site

S&P/ASX 200 Index

The S&P/ASX 200 Index (XJO) is recognised as the investable benchmark for the Australian equity market, it addresses the needs of investment managers to benchmark against a portfolio characterised by sufficient size and liquidity. The S&P/ASX 200 is comprised of the S&P/ASX 100 plus an additional 100 stocks. It forms the basis for the S&P/ASX 200 Index Future and Options and the SPDR S&P/ASX 200 Exchange Traded Fund (ETF).

S&P/ASX 300 Index

The S&P/ASX 300 Index*(XKO) provides additional depth and coverage to the S&P/ASX 200 whilst maintaining strict liquidity guidelines. It provides up to an additional 100 small-cap stocks to the S&P/ASX 200. Companies removed from the index*are replaced when a suitable candidate is available, or at the quarterly review. It forms the basis for the Vanuard Australian Shares Index 300 Exchange Traded Fund (ETF).

still acting like a 20c stock----- small cap!


*

A step in the right direction dont you think? As i said back when you were calling a $1.20. How far out were you & your shadow (Boggo) on that..... $2.30 -$1.20= $1.10 difference. It was a great buying opportunity back then and still is now imo. Where do you see RED from here?? I still like your reasoning with the charts but you just dont seem to understand the fundamentals of this stock.
Lets go forward in this as it's simply not a penny stock anymore and it is in the ASX 300 for a reason. Nothing negative about that hey.

 

[tech/a]

A step in the right direction dont you think? As i said back when you were calling a $1.20. How far out were you & your shadow (Boggo) on that..... $2.30 -$1.20= $1.10 difference. It was a great buying opportunity back then and still is now imo. Where do you see RED from here?? I still like your reasoning with the charts but you just dont seem to understand the fundamentals of this stock.
Lets go forward in this as it's simply not a penny stock anymore and it is in the ASX 300 for a reason. Nothing negative about that hey.

Again
I have no interest in fundamentals.
All is seen in the chart.

Technical analysis can be used in many time frames.
Im looking at RED at the hard right hand edge of the chart.
As such the analysis is a daily proposition.
I've had a few short ( long )trades both positive.

If it breaks clearly I'm on again.
If it doesn't the $1.20 level is possible.
The $3.00 level is also possible.

Buying back at the $2.10 ish area was a buying opportunity
But runs the real possibility fo resisting at where it is now.
I was one who sold out ( at 2.30 ) so I'm currently out at no risk and 2c worse off.
No big deal. It's just " a " way to trade not " the" way to trade.

Long term holding on fundamental analysis is also a way of trading not " the " only way
To trade. In various time frames there will be analysis that contradicts a longer term out look and
Contradicts a shorter time frame analysis.

 

[mrlister]

What are your charts saying about RED for today?

And what is 'breaks'? 2.40.....lower, higher?

 

[tech/a]

What are your charts saying about RED for today?

And what is 'breaks'? 2.40.....lower, higher?

No different to the last few weeks
Has to break resistance.
$2.40 and hold

 

[beatle]

.....

With regard to your view that there's a chance to break free at the moment, actually no I don't think so. Perhaps the price can move up towards the first real resistance at $2.35 but I still think that it probably requires some production update confirming that the gold production is starting to bubble along. IMO until the market is convinced that all is well and there is a chance that they can in fact achieve something like Production Guidance Forecasts there will not be the conviction to the buying - BUT once that ramp up of gold production is indicated to be underway THEN we will see a quick jump above not only the resistance at $2.35/$2.40, but more like testing $2.60 and beyond.
.....

I just want to clarify one thing with this point above that I made (and it seems it will open softer, probably due to the gold price dropping as much as anything) whilst it can go back down a tad and unlikely to break resistance levels at $2.35 in the short term, there is NO WAY I would contemplate selling at the moment. EACH day is a day when there could be a major move upwards, who knows exactly when that comes I'm not sure. I don't want to try to make a few bucks on a quick trade when it could very easily break upwards very fast at some time soon!

And yes, I think Tech/a gives us a clue to him actually actively trading RED now, both long and short positions, thus it gives you an idea how he is also talking his book. There's nothing wrong with that of course, I do that too, but I mention it as you must realise that his words are well timed to accomodate his own strategy in place, not anyone else's! Thats my view anyway.

 

[Trembling Hand]

And yes, I think Tech/a gives us a clue to him actually actively trading RED now, both long and short positions, thus it gives you an idea how he is also talking his book. There's nothing wrong with that of course, I do that too, but I mention it as you must realise that his words are well timed to accomodate his own strategy in place, not anyone else's! Thats my view anyway.

LOL. You suggesting that his down ramping it to advantage a possible short position? Really??

 

[beatle]

Maybe I'm stating the obvious TremblingHand but it seems to me certain posters are hanging on his every word! I would hate to see some longer term investors actually decide changing their investment strategy based on those words (I'm not sure but I think that Moit may well have done that, to his own disadvantage as he moved out of RED and into NST just before it karked itself).

And yes, I'm a caring sort of guy, lol!

 

[tech/a]

LOL. You suggesting that his down ramping it to advantage a possible short position? Really??

Well I do own a white coat and I am watching!
Thats day wear.
Night wear is a black suit with Dark glasses.

Tech/a and Boggo EXPOSED




Oh and would you mind pointing me to the
"down ramping" section of my posts on RED.

Enough of this I have millions of shorts I need to take care of.

 

[Trembling Hand]

I would hate to see some longer term investors actually decide changing their investment strategy based on those words (I'm not sure but I think that Moit may well have done that, to his own disadvantage as he moved into NST just before it karked itself).

As opposed to these words of influence?

there is NO WAY I would contemplate selling at the moment. EACH day is a day when there could be a major move upwards, who knows exactly when that comes I'm not sure.

Maybe your right. But as an outside observer, I don't trade stocks, the difference between your ramps and techs is risk management both negative and positive risk. I would consider a statement with the words "NO WAY" far more worrying than a few post about playing price action as a trader.

Come on.

 

[beatle]

Maybe your right. But as an outside observer, I don't trade stocks, the difference between your ramps and techs is risk management both negative and positive risk. I would consider a statement with the words "NO WAY" far more worrying than a few post about playing price action as a trader.

Come on.

To be perfectly honest I'm not sure what you mean by my use of the words "NO WAY" being far more worrying? Very simply, I am a long term holder of RED, and NO WAY would I contemplate selling some RED now to make a quick buck due to the fact that I'm expecting RED share price to move up appreciably once gold production is confirmed to be building - I just don't want to risk being out now having waited so long for this moment about to happen (well I think its going to happen). So that's why I use the words NO WAY.

 

[Trembling Hand]

I just don't want to risk being out now having waited so long for this moment about to happen (well I think its going to happen). So that's why I use the words NO WAY.

But thats where it gets a bit rich you trying to discredit Techs stuff by incorrectly stating his short the stock and down ramping it. His post from my reading manage that risk of being "out" quite well.

 

[tech/a]

Could someone who is a fundi please explain to me why buying is not occurring at lower prices if------this company is expected to have the returns touted by some as enough to have it trading at $3 plus this year.

Nothing has changed has it?
If thats the case $2.20 is a bargain
so why are we seeing it drop off---from a Fundamental view point?
Why aren't fund managers investing millions of their clients cash to
rake in a certain (according to those who would have us believe) 40%
Thats an amazing return!!

So why is price falling???

Forget the gold price argument because if thats so then the stock is governed by gold price NOT "expected" production figures.

But wait---maybe----no Ill hold my tongue until I hear from more learned folk.

 

[mrlister]

But thats where it gets a bit rich you trying to discredit Techs stuff by incorrectly stating his short the stock and down ramping it. His post from my reading manage that risk of being "out" quite well.

its like 'home and away' around here!!

id be intereted to see who is doing better so far...the techies or the fundies. % wise that is.

 

[skyQuake]

imo 222 here is a decent buy into Fri's S&P reweight and Market Vectors reweight.
Oh and gap fill too.