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VAU - Vault Minerals

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Agree with second comment. If things were going to plan then report would have been released.

This management needs to become more transparent.

As for MAD, I know that if I bought in that the train is bound to crash!!
 
mr. jeff said:
Very funny!
Don't forget that:

- Dates are set so that holders can look forward to them.
- On time announcements mean things are going to plan.
- Management are busy behind the scenes, but they haven't worked out which scenes or which play.
- Media and communication is for whimps, mining is for men. Producing gold is for...


No harm meant to anyone, including management.
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mr jeff, Have to agree on all four points, the last of which I`m in neither camp.

Producing gold is for people similar to your namesake,............... mr T.

There is an old song in which I shall transcribe the first verse. It may hit a note with some RED investors. Hope in within the boundaries of copyright.

`Right,` said fRED, "both of us together
one on each end and steady as we go."
Tried to shift it, couldnt even lift it
We was going nowhere
And so we had a cuppa tea...........

http://sniff.numachi.com/pages/tiRITEFRED.html

and here`s the song...........

http://www.youtube.com/watch?v=z7Bvd33V9dQ

Best wishes for all holders
 
There are some intelligent posts here, some are thought provoking, others are just stating facts. That last one was none of above. Just plain ridiculous.
 
mrlister said:
There are some intelligent posts here, some are thought provoking, others are just stating facts. That last one was none of above. Just plain ridiculous.
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It`s called symbolism. Not meant to be taken literally. I guess we all have different senses of humour and this thread needs some.
 
Company highlights
• Guidance production – 18,000 ounces to June 2012 and
75,000 ounces for 12 months ending June 2013
• Commissioning almost complete with commercial production
expected to be declared 1 April 2012.
• Forecast cash costs sub $350 per ounce, low relative to peers
• 10 year mine life based on current LOM plan of 849,000 recovered
ounces - subject to upside potential
• Mineral Resource updated – 21% increase in ounces
• Management has a long established presence in the Philippines,
allowing Red 5 to capitalise on growth opportunities
• Admitted to S&P/ASX 300 index, top tier shareholder base



Expected to be declared 1 April 2012.
Should have said " Due to our usual tardy announcements we expect but not necessarily will declared on 1 April 2012 or 2013 or 2014. Anyway 1 of those Aprils.
The bright side of it is the mines life should last a lot longer.:D
 
If you look back on all previous quarterlies, they have always been released on time, except september when they must have felt so bad about it that they even created an extra day just for the release (31st).

Yet this month we are now at the 3rd and nothing!!
 
While I would never expect, or even consider, a management team to manage according to the posts of a bunch of anonymous people on a forum - someone should email them a link to this thread.

At least then they could see how people feel when they do not communicate.

I am building a little war chest at the moment, nothing extravagant, but it's mine. I like the numbers I see about RED, but I do not one bit like the lack of transparency or updates. What are we to read into the fact that they have just spent time in the US parading the business and all the company has to show for it is an unmoved share price?

I just want to see the gold flow. Until then I will have an uneasy feeling.
 
dave1234 said:
Did the gold rush end?
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Nah they're still scatching around. Does the Phillipines have an Easter Break? Maybe they have an extended one from the beginning of April and that's why we haven't heard anything yet on the commissioning. Come on now pour that gold and stop drinking the red management!!
Ps I wonder if Mrs Beatle has found Mr Beatle yet? Hint...try looking in the cellar.
 
jancha said:
Nah they're still scatching around. Does the Phillipines have an Easter Break? Maybe they have an extended one from the beginning of April and that's why we haven't heard anything yet on the commissioning. Come on now pour that gold and stop drinking the red management!!
Ps I wonder if Mrs Beatle has found Mr Beatle yet? Hint...try looking in the cellar.
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In reply to the Easter break the country basically shuts down ,i have some operations over there that need parts,But this will never happen, once religious holidays start in Asia the phones are off no matter where you are in Asia
Yes mining and drilling operations will still run 24/7 same as Australia, but the difference is everything goes into slow down mode and then spikes a week after Easter
Hope red holders have an announcement soon
Cheers
Des
Cheers
 
Des P said:
In reply to the Easter break the country basically shuts down ,i have some operations over there that need parts,But this will never happen, once religious holidays start in Asia the phones are off no matter where you are in Asia
Yes mining and drilling operations will still run 24/7 same as Australia, but the difference is everything goes into slow down mode and then spikes a week after Easter
Hope red holders have an announcement soon
Cheers
Des
Cheers
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Thanks Des...I actually thought they didn't celerbrate Easter due to their religion.
 
REDs a bit like Coles Down Down...even the easter bunnies are half price.
Pity you cant put them in the bottom draw for next Easter.
RED on the other hand with management and with it's tardy announcements looks like the bottom draw will be the only place for them!:eek:
 
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