Australian (ASX) Stock Market Forum

VAU - Vault Minerals

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Wa11y said:
Good post, as the one above it (Barney's post). And mostly, the tech talk is about basic economic principles - I learnt about supply & demand in high school.
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Well it just smashed through $2 to the down side.
Perhaps you should re visit your High school Supply and demand Notes.

Its as SIMPLE as that.
No demand!

But hey pick the posts which suit your bias.
 
Chasero said:
Last 10 minutes of trading definitely a lot of dumping :eek:

Anyway, as long as you are comfortable with your entry price and time frame you wish to hold red, no one in the thread should really sway your decision.

short term at least, not looking good.
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Yeah, a real lot, $500k between 3.50 and 4.00. Interesting to see what happens first thing tomorrow morning.
 
tech/a said:
Well it just smashed through $2 to the down side.
Perhaps you should re visit your High school Supply and demand Notes.

Its as SIMPLE as that.
No demand!

But hey pick the posts which suit your bias.
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Are you shorting this Tech:p:

As I said, I don't hold, so basically I am ambivilent etc etc ....

I haven't done the sums on the whole days trade ( Too much work considering I have no vested interest) .... but just for some balance .....


During the last 10 minutes of trade, the SP was bumped down from $2 to a low of $1.91 ... A trade at 3.58 for 21 shares actually dropped the SP 4 cents:eek::D .......


3:58:20 PM Price $1.91 Number of Shares 21 Cost $40 Number of trades 1
 (Professionals or Retailers?;)) .... pretty obvious

Other stuff such as the after 4 o clock trades were a total of $523,867 (20 trades) for a rise in SP of 3.5 cents ...... The ten minutes prior to close there were a total of $444,403 (80 trades)

Make of that what you will;) ....

$1.85 won't surprise me ... even $1.70 ...... but when there are no more retail traders to screw over, I reckon the Sp will only go one direction

Happy to take another lottery ticket bet on this one Tech if you are interested .... If it doesn't break $2.40 within two months I buy ..... If it does, your shout:D Let me know
 
I guess that everyone who wanted in got in during the capital raising. Nothing like a lack of buyers to depress the price. I have really topped up at these prices. Now if we can get some gold into the bank and then into my bank please......
 
skyquake - also have to add to my previous comment that I'd have expected Casimir to ensure they uploaded the recent preso because they were the Lead on the placement! and took thier fee I'm sure.
 
Just like to point out there is no available borrow in RED. I would imagine many s/t placement instos/traders did not have to the opportunity to sell into volume yesterday, and would be forced to sell into a thin market after they get their stock.

I might be buying an exaggerated downmove after placement gets allotted. Not before.

FA will mean little in these few weeks when flow is dominant.
 
mrlister said:
Hey tech, what do your charts tell you?
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Let me have a stab at it Lister if you dont mind the humour.
With RED having low volume today with little demand it should continue to fall.
Some support @ $1.90 but once thats broken...Look out below $1.20ish
I could be Techs PR:D
 
Now I don't know but I'm pretty sure a plunging gold price isn't going to bode well for RED.

Where's a good bit of spin when you need it!
 
Wow more buy opportunities.
$2.10 was cheap to many here---- this must be a complete gift!

Hell those who bought the capital raising at $2.12 must be delighted to be able to "Top up" at these prices.

Insto's are obviously crazy to over look RED at this price.

All Sarcasm aside.
This is what THE MARKET values RED at.
If you think its anticipating $3 on production then your dreaming.
 
How far do you expect it would fall tech? It seems like a combination of factors driving it down today, dare I say it actually looks tempting at this level. I didn't leave at the top like I believe you have last time, but managed 2.18.
 
ChessPlayer said:
How far do you expect it would fall tech? It seems like a combination of factors driving it down today, dare I say it actually looks tempting at this level. I didn't leave at the top like I believe you have last time, but managed 2.18.
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Dont know

The market will tell me.

Right now its not telling me BUY.
Ill be looking for a clear
(1) Exhaustion of supply
OR
(2) New and strong return of Demand.
BUT
(3) Are most likely to see a bottoming and long term flattening of price with lack luster price action which will frustrate the hell out of longer term holders.

Look Im no Fundie but it appears to me that regardless of Hype this and every other gold stock is heavily influenced by the price of gold. Its at around the same price as it was when I first saw this thread and gained an interest as I couldnt and still cant see how people can trade off of announcements and hope and promise. And has there been an abundance of hype and promise with more to come in N/Y evidently. Plenty at capital raising which as we know was less than impressive in support. At $1.84 ish we can see why!

So as the US and Europe steady and indeed recover over time will likely see gold fall and it could fall rapidly.

So if and when you see 1 or 2 then it will be interesting. But there are a whole heap caught at $2.12 so expect resistance right here!
 
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