CanOz
Home runs feel good, but base hits pay bills!
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You are digressing to a critique of their trading style again.
Analyze the issue in this thread, not the 'investors' please.
CanOz
VAU - Vault Minerals
- Thread starter Uncle Festivus
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You are digressing to a critique of their trading style again.
Analyze the issue in this thread, not the 'investors' please.
CanOz
tech/a
No Ordinary Duck
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You are digressing to a critique of their trading style again.
Analyze the issue in this thread, not the 'investors' please.
CanOz
Iam?
Legitimate question raised by his answer.
I gave two examples and looking for his.
The issue is clearly what are the circumstances that
Would change the traders stated position-- I'm interested?
The same way you read your charts i look at the fundamentals atm nothings changed other than a trending down in Gold.
Tell me would you sell your business because someone told you it looked worthless on a chart and yet you know it's making a profit.
Now if RED isn't making money then there's a problem. Time will tell with the events and if i see something i dont like then i'm out.
The same way you look at your charts and make a decision as you did with RED @ $1.36? with a stop loss @ $1.31?
Anyway Tech your happy in the way you trade so stick to it and as far as my method goes i'm happy with it even if it has it flaws and a bit risky. So Keep your feathers dry and dont let the salt air get under your wings
Patience has it's virtues. I hope you dont need that parachute and if RED brings out a report this week i hope thats within their expectations of production otherwise like any goldie with below average targets they'll not only drop but drop hard. And I will have to endure the two Techs i told you so. Nadda nadda quack quack.
On the other hand tho if it's more than favourable report maybe that black duck can fly south for winter
tech/a
No Ordinary Duck
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Patience has it's virtues. I hope you dont need that parachute and if RED brings out a report this week i hope thats within their expectations of production otherwise like any goldie with below average targets they'll not only drop but drop hard. And I will have to endure the two Techs i told you so. Nadda nadda quack quack.
On the other hand tho if it's more than favourable report maybe that black duck can fly south for winter
Announcements generally become factored into price before they are released.
Price of gold determines RED price more than anything else.
Personally I expect to see some consolidation in the next few weeks.
RED has no debt... resources as of Sept 2011 of 1,357,000 ozs of gold and 2,417,000 of silver with a mine life of a minimum of 10 years. Total cash operating cost of $330.
Easiest way to view RED5 stats is go to their site on the net.
Yes, that's all fairly easily attainable, but do you think there is any chance it will go cost them more to produce? What happens if a quality mine cannot be sourced in the next decade? Does this change your valuation at all?
not a hope i would still hold in a decade. for me its until they get stuck into a good 6 months of full production. target price of about 2.5. this will pretty much double my money, so the sooner the better.
would be a great opportunity to release quarterly for them tomorrow. gold up, Europe up....signs pointing towards US going up.
would be a great opportunity to release quarterly for them tomorrow. gold up, Europe up....signs pointing towards US going up.
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Those who offer analysis that differs from your opinion are not trolls. They are simply offering an alternate view and all views are welcome as long as they are explained by those posting them. If there had been nobody to question those who were pumping this stock at twice its current price, more may have been sucked into this one at much higher prices. Thankfully there are those who are prepared to question the self interested who are only interested in one thing... selling at a profit.
Can you please outline for those reading this thread your analysis that justifies a price target of $2.50.
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One other thing. Personal attacks and name calling are uncalled for and the mods and I will issuing infractions to those who persist with them.
If you disagree with someone's analysis then attack the analysis, not them.
Keep it civil at all times please.
If you disagree with someone's analysis then attack the analysis, not them.
Keep it civil at all times please.
Teck/a ,Where do you see the price action going today for Red.
We have come off a four day drop from $1.30 to $1.09 before yesterdays slight turnaround on small volume again.
However Qtly may be due out next 3 days with production guidence of 7800 ounces gold & 41000 ounces silver
for the 2 months since commercial production was declared ie;1/5/12.Cash costs are sub US$600.
If you believe their (Tea leave readings)2012/13 guidence 75000 ounces at sub US $340 .
We have come off a four day drop from $1.30 to $1.09 before yesterdays slight turnaround on small volume again.
However Qtly may be due out next 3 days with production guidence of 7800 ounces gold & 41000 ounces silver
for the 2 months since commercial production was declared ie;1/5/12.Cash costs are sub US$600.
If you believe their (Tea leave readings)2012/13 guidence 75000 ounces at sub US $340 .
Ves. I cant forecast REDs future costs and mines down the track. I do however think there's good growth potential with RED and at the moment are ironing out any problems concerning the production mine at Siana.
In my opinion once thats done and running smoothly RED can move on to Mawapa.
Here is a 4.1/2 minute vid on RED from Evans and Partners senior research analyst, Cathy Moises. She explains some of the problems RED have been facing.
http://www.evansandpartners.com.au/videoupdates/viewstory/Episode+457+-+Cathy+Moises
http://www.evansandpartners.com.au/videoupdates/viewstory/Episode+457+-+Cathy+Moises
Thanks for that Buckfont..very interesting and explains why RED is where it is a present. I did receive an e-mail trom Colin Jackson in regard to the issues with the silt and it's challenges.
All in all tho a positive report on RED as the silt eventually wont be a problem.
tech/a
No Ordinary Duck
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Current support level will hold.
But volume on any up move is poor indicating less than satisfactory demand.
What Im looking for is levels that supply re appears and at that point how
demand copes with that.
Today will as expected be up as gold was up.
But going forward I see some consolidation between support (Now in) and resistance (To be determined).
I dont expect RED to fly un abated to new highs.
I for one dont expect RED to fly to unabated new high either in the short term (unless Gold skyrockets) but over time we'll see whether the fundamentals kick in with their production output and getting into the dryer ore.
Report should be out soon and doesn't look like it will be favourable but as Tech has stated the market would have already factored that in....... good news is it's only a temporary a problem that has slowed production and this is to be expected as with any new Business/Production line.
Report should be out soon and doesn't look like it will be favourable but as Tech has stated the market would have already factored that in....... good news is it's only a temporary a problem that has slowed production and this is to be expected as with any new Business/Production line.
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An 11 to 12 cent range to overcome between ~1.25 and ~1.37 before any real change of trend.
It really needs to overcome the 1.25 initial resistance and have 1.37 area become support after a break above there before any reversal of trend is in place.
(click to expand)
Attachments
Nicely summed up Tech/a.
Now we will see what tomorrow brings as volume was a bit better today.