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VAU - Vault Minerals

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Unbelievable as Red5 travels on to close the week at 34c. When I added more at 4.5c awhile back it turns out I was far too tentative. When everyone appears negative and ordering a hearse it's difficult to back the company with one gold asset, at the time, that requires a river to be redirected and a tailings dump to be massively repaired and borrowing large sums from uncertain banks.
 
And imho, it might mean that unless you cash your gains, your instinct could be proving right anytime....
 
RED has held up amazingly well, especially given the recent drop in the market. I'm hoping it will retain this strength for a little while yet.

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Red5 is starting to look fully priced unless gold starts moving again to challenge the $1,600 level. The Aussie might weaken further though I expect the US to reduce rates down to 1.5% fairly quickly. Profits on my last purchase at 650% was to tempting to miss out on. The rest bought and considerably higher prices so will hold on to them.
 
2020 Yearly Competition Pick .... just by viewing Monthly Charts. (This is my Top Pick)
Another pick that I didn't read up on :rolleyes:, never mind I'll carry on with my chart view.

Price is back to the same level it finished Aug 19 so those 3 red bars in between don't look too bad.
Maybe price is ready to explode from here, yes I'll probably need Gold to breakout this year to push it along and if it does, this could be a little gem. Time will tell.

RED.png
 
I once followed RED,
debtfree said:
2020 Yearly Competition Pick .... just by viewing Monthly Charts. (This is my Top Pick)
Another pick that I didn't read up on :rolleyes:, never mind I'll carry on with my chart view.

Price is back to the same level it finished Aug 19 so those 3 red bars in between don't look too bad.
Maybe price is ready to explode from here, yes I'll probably need Gold to breakout this year to push it along and if it does, this could be a little gem. Time will tell.

View attachment 99398
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at the time, they were mining in one of the worst place in the philippine, in the middle of an islamist uprising
Never a good situation for a single mine company..a much ramp up nothing at the time.
lost a bit
Is it still the case?? how many mine, where would be my question, once burnt....
 
@qldfrog
I must admit I was running late for my picks and didn't research them at all, I looked at the charts and thought that will do for a bit of value.
With the number of entries in the Comp and a lot of stocks outside the XAO, I think some results will surprise a few this year.
I did noticed this on their website so hopefully the Australian side of things might carry it along to the heights that I dream of. :rolleyes:

An Australian gold producer with a strong growth outlook in Western Australia’s Eastern Goldfields
Red 5 Limited (ASX: RED) is an Australian gold producer that operates the Darlot and King of the Hills (KOTH) gold mines in the Eastern Goldfields region of Western Australia.
Since acquiring these two projects in October 2017, the Company has successfully ramped-up gold production to an annualised run-rate of +100,000oz/year, and is now conducting aggressive exploration programs to increase its Resource and Reserve base.
In 2018, Red 5 identified a potential bulk mining opportunity at KOTH, with an initial ‘proof-of-concept’ bulk mining Mineral Resource of 1.88Moz of contained gold. A strategic review of bulk mining options is now underway.
 
debtfree said:
@qldfrog
I must admit I was running late for my picks and didn't research them at all, I looked at the charts and thought that will do for a bit of value.
With the number of entries in the Comp and a lot of stocks outside the XAO, I think some results will surprise a few this year.
I did noticed this on their website so hopefully the Australian side of things might carry it along to the heights that I dream of. :rolleyes:

An Australian gold producer with a strong growth outlook in Western Australia’s Eastern Goldfields
Red 5 Limited (ASX: RED) is an Australian gold producer that operates the Darlot and King of the Hills (KOTH) gold mines in the Eastern Goldfields region of Western Australia.
Since acquiring these two projects in October 2017, the Company has successfully ramped-up gold production to an annualised run-rate of +100,000oz/year, and is now conducting aggressive exploration programs to increase its Resource and Reserve base.
In 2018, Red 5 identified a potential bulk mining opportunity at KOTH, with an initial ‘proof-of-concept’ bulk mining Mineral Resource of 1.88Moz of contained gold. A strategic review of bulk mining options is now underway.
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from red website:
"
In the Philippines, the Red 5 group holds interests in the Siana and Mapawa gold projects, both located in the Surigao del Norte region on the island of Mindanao, which is a highly prospective and established mining province.
The Siana Gold Project is located within the Siana Mineral Production Sharing Agreement (MPSA).
Mining and processing activities at Siana were suspended in April 2017 pending an improvement in operating conditions in the Philippines."
so for the last nearly 3years: what was their only mine has been burning cash, and they are probably unable to find a buyer...reading behind the lines;
Sure the SP might double, whatever but I would keep a keen eye on my cutlery and silver forks if i was inviting the board for dinner...my 2c
I must admit that I am even scared of Newcrest..mining a volcano is a bit like trying to extract the copper from an active mine shell.......so this is a conservative view
Anyway, I hope some people can leverage my history and keep this as part of their Valuation figures
 
After the unexpected 18c cash raise RED shares tanked. Sometimes worthwhile considering buying after a placing. The gold price should rise in theory after the selling abates from gold being the only item to sell to cover forward positions in shares, mainly in the states.
With the Aussie at such a low level the gold price is at an all-time high point in AUDs, I believe.
 
Red5 website: http://red5limited.com/

  • Cash flow from Darlot operations is currently funding Growth and Exploration programs.
  • King of the Hills Open Pit Ore Reserve of ~1.5Moz, with a Pre-Feasibility Study completed for a 4Mtpa on-site Processing Plant
    • Red 5’s valuable Siana asset in the Philippines (operations currently suspended) has all mine and regulatory permits in place to restart production – preferred plan and options are being evaluated
      [ That's it really and the placing at 18c and the shares having struggled back to 22c. With gold pressing the US$1,700 level RED should move back on the recovery trail. Probably went ahead too quickly from 4c to 36c but should recover to the 28c - 32c range fast enough.]
 
Small observation for the members that like to look at the charts.

RED gapped up on the 18/5 and then retraced back to close gap on the 4/6

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So $0.265 is the support level now and we will need to wait and see if there is a period of consolidation now.
 
Trav. said:
Small observation for the members that like to look at the charts.

RED gapped up on the 18/5 and then retraced back to close gap on the 4/6

View attachment 104557

So $0.265 is the support level now and we will need to wait and see if there is a period of consolidation now.
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A bit of overhead resistance at 28.5c from that high volume down bar on 25/5. The bars on 4/6 and 5/6 look like accumulation and absorption.
 
Trav. said:
So $0.265 is the support level now and we will need to wait and see if there is a period of consolidation now.
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Nup. Gapped down. Crusher failure. Consolidating at a lower level?

Red 5 Managing Director, Mark Williams, said the transitional production strategy for the Darlot Mining Hub has mapped out a clear direction for the Company over the next 18-24 months as it moves towards the proposed start of construction of the new stand-alone bulk mining and processing operation at King of the Hills.
“The decision to commence open pit mining at Great Western and scale down underground mining at KOTH during the second half of 2020 is consistent with our previously articulated growth vision" (major new production hub at KOTH and developing an expanded long-life mining and processing hub at Darlot.) “While we are disappointed that Darlot production has again been impacted in the short term due to the issues outlined in this release, we are confident that the measures implemented will stabilise production and improve predictability to put us on track to achieve our FY21 forecast.
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Bought some RED today as price was sold off after news of their most recent production loss. I'm hoping that this latest incident was due to an unforeseeable mechanical failure and not a symptom of poor maintenance procedures (mgmt problem). If RED can meet their FY21 forecast then the price should go back to near where it was. It would also help if the gold price continues higher.

RED0607.PNG
 
peter2 said:
Bought some RED today as price was sold off after news of their most recent production loss. I'm hoping that this latest incident was due to an unforeseeable mechanical failure and not a symptom of poor maintenance procedures (mgmt problem). If RED can meet their FY21 forecast then the price should go back to near where it was. It would also help if the gold price continues higher.

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Peter,
Did you follow the Philippine saga at the time?
You are usually pretty careful in your entries, if you investigates the issues I raised in january, see above, it could act as a cold shower.
I lost a bit of money trusting these guys a couple of years ago .Look as well where their assets are vs hot rebellion zones in the Philippines.There is a war for lack of other terms going on there...
But I am now a system guy and I will buy if a system says buy so i understand that,
 
Thanks for the note.

The Siana operation (Philippines) was suspended in April 2017. Since then, RED's local subsidiary has been doing basic care and maintenance while waiting for the political situation to resolve (ie. change of Gov't).

RED is now operating gold mines and drilling for gold in WA.
 
As Peter2 said "It would also help if the gold price continues higher."

Meantioned on Stockhead 26th June

Red 5 (ASX:RED) -40%

Investors do not seem especially keen about Red 5’s planned Darlot Mining Hub after the company said it would produce between 90,000 and 98,000oz of gold at an average all-in sustaining cost of between $1,830 and $2,030 per ounce.
 
RED is trying to build itself into a mid-tier gold producer in 2022. Progress is being delayed as it's experiencing a shortage in hiring enough skilled labour. This lack of labour has lowered production at its Darlot Gold mine. Share price hammered. This shortage will also hinder the startup of their King of The Hills gold mine.

This won't be the first production cut due to labour shortage we'll read about in the mining industry. Miners will have to start paying more to attract skilled labour and keep them. This is the start of a serious problem for the mining industry and in turn it's going to have a negative impact on share prices.
 
peter2 said:
RED is trying to build itself into a mid-tier gold producer in 2022. Progress is being delayed as it's experiencing a shortage in hiring enough skilled labour. This lack of labour has lowered production at its Darlot Gold mine. Share price hammered. This shortage will also hinder the startup of their King of The Hills gold mine.

This won't be the first production cut due to labour shortage we'll read about in the mining industry. Miners will have to start paying more to attract skilled labour and keep them. This is the start of a serious problem for the mining industry and in turn it's going to have a negative impact on share prices.
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Usual mining cycle greed and job marketplace: mining specialists will have to make up for the last 5 y driving Uber in their Toyota corollas.
Will not comment on RED.been burnt before, would not touch it with a lonnnng pole
 
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