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VAU - Vault Minerals

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I cannot post a chart at this point due to the hurricane, but referring to previous posted weekly chart, I would say a target of 1.25 is on the table, possibly followed by 1.10.

This news means that nothing has changed within the company / mine and surprises keep coming. It was a recent release which stated:

ASX report to shareholders 2 October 2012:
"With silt at the bottom of the pit no longer an issue and with the ore interface exposed over a reasonable part of the pit floor, the mine is now in a position to deliver consistent tonnages to the process plant".
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This "very" low cost gold mine is still costing more than it is making and with this hit to sentiment it may take a while to recover.
I guess the pressure of getting into production was too great to spend more on clearing the issues out earlier, which is understandable, but a lot of people have just been bitten hard.
 

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Boggo said:
Extract from page 3 of the report may have an influence...
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Not good. If they don't take debt then there might have to be a capital raising on bad news unless dore sales can come through for them. CR would have to be at around 1.10 - 1.15 at the most based on the chart.

In old speak that is 11 cps.
 
Boggo said:
Extract from page 3 of the report may have an influence...
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Quite right. The thing to realise with mining companies (and part of the reason why I would never touch any of them) is that the longer the mine takes to become a cash flow positive operation, the more cash that shareholders need to throw in. It might still be a low-cost producer one day, but by that point, it is more likely than not that shareholders will be so diluted that it won't matter.
 
notting said:
Managing director steps down.
stock - Dummy spit!
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Lol He's excepted a Consultants role with the company focused on Government and community relations. Does that mean he's still on the payroll? Another expense for RED?
Interesting to see who takes his place.
 
jancha said:
Lol He's excepted a Consultants role with the company focused on Government and community relations. Does that mean he's still on the payroll? Another expense for RED?
Interesting to see who takes his place.
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Any info on who the replacement is? This could be a catalyst for re-rate on this stock. A great reversal on Friday...chart looks like a buy at this stage.
Will be interesting to see what happens this week.
 
Boggo was right, nudging a dollar now. beatle retreated in the nick of time with his tail between his legs now. What a sad story this has been for the latecomers. Greg Canavan still has a positive spin on it.

Hope the light at the end of the tunnel if any isn`t a train coming the other way. Still holding a small portion but the worst choice I have made in a long time. Thank heavens for me RRL:mad::D
 
Certainly have to give credit where credits due. Boogo has been calling a $1 for awhile now:xyxthumbs
I got out @ $1.55 awhile back but thinking at 97c it might be time to come back on board. The question is will there be a rebound or will it go lower? I'm backing the former. Who says you cant make money on a down trend.
 
jancha said:
Certainly have to give credit where credits due. Boogo has been calling a $1 for awhile now:xyxthumbs
I got out @ $1.55 awhile back but thinking at 97c it might be time to come back on board. The question is will there be a rebound or will it go lower? I'm backing the former. Who says you cant make money on a down trend.
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If there is one thing you should do it's go back and read your
Rubbish directed at BOGGO and realize how utterly ridiculous you look and sound.
A constant Tiraid of degrading gibberish which frankly has exposed you for what
You are ---- hot air--- full of opinions and bugger all else.

Better to be silent and say nothing and thought a fool than opening your mouth and removing all doubt

Nice analysis BOGGO.
 
tech/a said:
If there is one thing you should do it's go back and read your
Rubbish directed at BOGGO and realize how utterly ridiculous you look and sound.
A constant Tiraid of degrading gibberish which frankly has exposed you for what
You are ---- hot air--- full of opinions and bugger all else.

Better to be silent and say nothing and thought a fool than opening your mouth and removing all doubt

Nice analysis BOGGO.
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Typical BS from you Tech. This is exactly how the slinging got started with off topic post like yours.
Just because you and yourside kick get it right now again doesn't mean your right all the time.
Why dont stick to the tread instead of personal attacts on members who dont agree with your methods.
I've made a profit on the way down with RED as i've posted. You've called me basically a lair and challenged for me to show my profits and loss to the admin. You even offered a $500 bet up front..(childish as trembling hand would say)
Go have a good look at who started the childish rubbish you post and still do with your personal attacts.

Why are you answering for Boogo.... cant he post for himself?

Thought you were retiring from ASF?

The only thing I can think of is you're trying to p off as many members that haven't comformed with your methods.
Maybe the heat down south is frying your brain and feathers.

Try and stick to the tread. I paid a compliment not a personal attact if you read the post correctly.
 
RED seems to have support around the $1. Happy to hold @ 97c and let it rebound. Even if they have a CR i think RED will see the black and the gold in the future. Still early days in production and other prospects to unearth down the track. Just a buying another buying opportunity imo.
 
This needs a change of direction within the next 4 or 5 cents otherwise its looking at the next target area of sub 70c.

Classic case of 'When your outgo exceeds your income then your upkeep will be your downfall'.

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jancha said:
RED seems to have support around the $1. Happy to hold @ 97c and let it rebound. Even if they have a CR i think RED will see the black and the gold in the future. Still early days in production and other prospects to unearth down the track. Just a buying another buying opportunity imo.
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Expensive--so far.
Still holding?

Who says you cant make money on a down trend.
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That $500 still up for grabs.
 
These guys were mentioned as a potential takeover target for Oceania Gold if Oceania can raise their targeted funds in their cap raising just announced.

There was another gold co mentioned in the same sentence but i missed it
 
prawn_86 said:
These guys were mentioned as a potential takeover target for Oceania Gold if Oceania can raise their targeted funds in their cap raising just announced.

There was another gold co mentioned in the same sentence but i missed it
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Watch the bots at work today!

Very interesting course of sales. Probably only a few $k worth of trades at .88-.885. But the bid is keeping there or lower. Somebody is trying to drive this price down.
 
tech/a said:
Expensive--so far.
Still holding?



That $500 still up for grabs.
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No Actually sold the other day at a small loss and bought MAD with it.
Still in the Black with RED but others have more appeal for me atm.
Just wondering if you ever made a profit trading RED Tech...you seem to spend an aweful lot of time on this thread? Sour Grapes perhaps?

$500? put a couple of zeros on the end of it chump then i'd be happy to show my profits and loss on RED. If not put a sock in it.
 
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