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I wouldn't discard the idea just yet.
Just for now though we are all waiting for you to tell us how you bought and sold again after it turns down
VAU - Vault Minerals
- Thread starter Uncle Festivus
- Start date
I wouldn't discard the idea just yet.
Just for now though we are all waiting for you to tell us how you bought and sold again after it turns down
I wouldn't discard the idea just yet.
Just for now though we are all waiting for you to tell us how you bought and sold again after it turns down
Yes good of you take note. Big mistake as i sold @ $1.33 and bought back in at $1.45. Not a smart way to trade.
You see i thought i'd try and be smart like you and read the charts. Sell and buy back at a lower price. Costly. So in future i'll stick to my own judgement instead of listening to interptations of tea cup readers like yourself and Aussie bull who had RED at a confirmed sell.
So getting back to a cap raising of $1 Boogo when do you predict this happening... 6mths a year?
At the rate that they are burning money I would say that a capital raising exercise is not far off.
New shares at around $1.00 each should be fun to watch
Boogo.. I ask again when do you predict this ( fun to watch) $1 cap raising of RED shares.
Very interested in your expertise? lol
Interesting how the 2 tech twins disappear when RED starts looking positive on the charts.
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I'll attempt to ease you into this slowly. Grab a calculator and work out from the pic below how many quarters they may have left at the current cash burn rate, thats approximately when something has to happen, then again they could always start producing something lol, its fundamental to their survival i'd say
Always bear in mind that 'When your out go exceeds your income your upkeep will be your downfall'
Sorry we have neglected RED, i'm sure there will be an opportunity to comment further, just a bit too busy with NST and DLS at the moment
piccy time jancha
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I'll attempt to ease you into this slowly. Grab a calculator and work out from the pic below how many quarters they may have left at the current cash burn rate, thats approximately when something has to happen, then again they could always start producing something lol, its fundamental to their survival i'd say
Always bear in mind that 'When your out go exceeds your income your upkeep will be your downfall'
Sorry we have neglected RED, i'm sure there will be an opportunity to comment further, just a bit too busy with NST and DLS at the moment
piccy time jancha
Unlike you Boogo I'm from old school and dont need a calculator to work that out.
But Hello.....If (thats a big IF) RED don't start producing anything of substance they have a debt facility of $9 mil in place IF needed. You failed to put that into the equation... so no Cap Raising for now.
In the meantime REDs management problem with the silt should be sorted out and the better ore should be going thru with better results.
Boogo Helpful hint... when you posts on the fundamentals try to read all the data not just a snippet.
I can see now why you rely on charts. Speaking of which RED seems to have moved along the same as NST & DLS...Up around 20c from the 14th. Good of you to use them as an excuse and throw them in the posts as well.
figjam So getting back to the $1 Cap raising how soon?
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I am watching this move with interest and not here to argue, but by now we all know that management is really really really really not great with communication, especially when it is bad news behind the scenes. So until I hear that the silt issue has been put to bed completely, I remain concerned.
They are still not making money either. Has anyone counted the costs of revised development to date and forecast and then recalc'd the production costs per Oz - are they still in line with guidance ? I don't know and am curious...
tech/a
No Ordinary Duck
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Started posting here October last year.
Price was 15 c.
10 X Consolidation and 10 mths on and price is still the same.
In the meantime much has been written on the fundamantal undervaluation
of RED.
Market just doesnt agree.
Price was 15 c.
10 X Consolidation and 10 mths on and price is still the same.
In the meantime much has been written on the fundamantal undervaluation
of RED.
Market just doesnt agree.
Market is following in line with rest of gold producers.
tech/a
No Ordinary Duck
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Cant argue about lack of communication but if you go back to post 2914 on RED... evans and partners have had their analyst on site. There is an issue with the 20yr build up of silt which has been slowing down the process of production however once RED has got on top of that the better quality ore should be mined with better output. I dont know about increase in production costs but if there is one going on their last report they have long to go to be up with most of the other gold producers costs.
I hope that does'nt appear that i'm ramping.... Tech & Boogo... after all whats the chart telling you? CR @ $1? A downward trend? Or a trend reversal more to the point?
Alls i can say is i topped up 5000@$1.25 , now there $1.56
tech/a
No Ordinary Duck
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Well done. So far RED is'nt showing any signs of reversal.
prawn_86
Mod: Call me Dendrobranchiata
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Please note ASFs guideline of posting real-time trades. If you are going to disclose your positions it is best to do it on the day you purchase.
It's easy to make a trade like that in hindsight
Alternatively you can send me (or other mods) broker statements (with personal details edited out) if you do wish to prove the fact
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It wasn't long ago that we were all sitting on a 10 bagger either! Then once the shenanigans were completed and the share price was made more attractive to ......? it has since shot to the moon on the low cost production and share price accessibility for the institutionalised investors, Beetle cashed out and bought an island and I am now moving up from a commodore 64 to a pentium 100, which runs not on DOS but on Windows.
Seriously though, if you were new on the scene it would be an attractive buy at these levels, and I hope for those that are in at the moment that the run up continues. It certainly has a good chance. The US may help it along yet...
Seriously though, if you were new on the scene it would be an attractive buy at these levels, and I hope for those that are in at the moment that the run up continues. It certainly has a good chance. The US may help it along yet...
tech/a
No Ordinary Duck
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no mate still holding, my post said "top up", these are a 12 month hold, my average is very low so can wait to see how this company pans out...
Tech... At that point in time RED was'nt showing any signs of a reversal. ( Go back and look at your charts) Not holding any atm but will be looking to come back in. When? Will be for me to know and you to find out.
Easy to go back in time and critise you Quacker.
tech/a
No Ordinary Duck
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RED doing nothing
Like the thread.
So it goes to show all these announcements
and all these rehetorical lengthy dissective discussions
and NOTHING!
I joined this thread 12 mths ago.
Price was 15c then and today with 10:1
consolidation is now $1.49.
Like the thread.
So it goes to show all these announcements
and all these rehetorical lengthy dissective discussions
and NOTHING!
I joined this thread 12 mths ago.
Price was 15c then and today with 10:1
consolidation is now $1.49.