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VAU - Vault Minerals

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FY results out.
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No guidance until KOTH reaches stable production (early 2023).
 
RED 5 reminding everyone that they've a lot of gold in the ground with their 250 page announcement.
Now that they've spent lots of time on the resource definition, I hope they knuckle down to dig it out and sell it.
Preferably before the EOM. ;)
 
peter2 said:
RED 5 reminding everyone that they've a lot of gold in the ground with their 250 page announcement.
Now that they've spent lots of time on the resource definition, I hope they knuckle down to dig it out and sell it.
Preferably before the EOM. ;)
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If you go back a good 10y or so, RED was my gold play, lost a bucket...; If the management has changed, all good, if the same clan in charge, Run Peter Run...
Just a giant money pit imho..for you..not them..be warned, look at the history in your research
 
Who posted that RED couldn't go any lower. Sack him. Gold should be removed from the precious metal category soon if it continues lower.

RED is at new yearly lows, just the right surprise selection for the monthly comp.

On a more serious note if gold and the AUD goes much lower it'll be unprofitable for many gold miners. This should instigate merger discussions to reduce overall production costs. RED is in a location near other gold producers, ripe for consolidation.
 
Details of the capital raise, $60M + $6M? at 0.16/share. This will see the price go lower to 0.16 soon after it resumes trading.

Majority of capital raised ($40M) will go for working capital. That's not a good enough reason.
Ongoing discussions with SBM regarding potential operational synergies (sounds like cap raise is to get a higher offer price).
 
peter2 said:
Details of the capital raise, $60M + $6M? at 0.16/share. This will see the price go lower to 0.16 soon after it resumes trading.

Majority of capital raised ($40M) will go for working capital. That's not a good enough reason.
Ongoing discussions with SBM regarding potential operational synergies (sounds like cap raise is to get a higher offer price).
Click to expand...
Yeap same RED, same management, i believe i have posted enough warnings here.unless trading, should be in your black list.
Might even be a good short term buy at 16c now...
 
peter2 said:
Details of the capital raise, $60M + $6M? at 0.16/share. This will see the price go lower to 0.16 soon after it resumes trading.

Majority of capital raised ($40M) will go for working capital. That's not a good enough reason.
Ongoing discussions with SBM regarding potential operational synergies (sounds like cap raise is to get a higher offer price).
Click to expand...

That working capital cost of a total 60m sends alarm bells to me too. Not sure what their angle is with SBM. Are they setting themselves up for a sale, or just to process the ore?

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qldfrog said:
Yeap same RED, same management, i believe i have posted enough warnings here.unless trading, should be in your black list.
Might even be a good short term buy at 16c now...
Click to expand...

EV down to $550m ish. EV to Reserves looks pretty good comparatively, but geesh, it's in the toilet. My contrarian hat wants to look at it more seriously but if it's on a frog blacklist I better steer clear.

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Sean K said:
That working capital cost of a total 60m sends alarm bells to me too. Not sure what their angle is with SBM. Are they setting themselves up for a sale, or just to process the ore?

View attachment 147862



EV down to $550m ish. EV to Reserves looks pretty good comparatively, but geesh, it's in the toilet. My contrarian hat wants to look at it more seriously but if it's on a frog blacklist I better steer clear.

View attachment 147861
Click to expand...
Do not put too much value in my judgement, i am only really good at being wrong..i went market long on friday .....
 
Just part of the knee jerk reaction from BoJ carry trade policy widening, although there's a decent ranging (forming crescendo) trench from mid October.
I'm not a gold bug, unless it's physically in my hand. Only then do I admire the lustre. ?
 
Selected for the 2023 CY comp.
RED has started producing gold at it's KOTH mine. I'm hoping the 2023 will be a huge year for gold (>US$2000/oz). The goldfields in WA around Leonora are ripe for corporate consolidation. SBM and GMD have started discussions. There'll be others interested at the right price.
 
First-pass exploration drilling delivers positive results at Yandal South

• Assay results from initial 4-metre composite samples from the NW Structure target have returned multiple intervals of gold mineralisation associated with quartz and visible sulphides along 1.2km strike, with gold zones remaining open at depth and along strike.

Live charts: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^RED&p=0&t=1
 
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Capital raising for a West Aussie gold miner... How predictable, at 13.5 cps...ouch! Nearly 4 year lows? At record high gold prices? The only thing that could surprise me less is if genesis/saracen 2.0 take them over.

They just raised capital less than 6 months ago as well and said KOTH was completed on time and on budget :roflmao: Interesting use of language... Construction is complete - but the mine still not able to support 'steady state' mining without more money. Thought this is where they're supposed to be making profits for their long-suffering shareholders, paying dividends, printing cash hahaha. Where do they keep finding these suckers to invest?
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