Australian (ASX) Stock Market Forum

VAU - Vault Minerals

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The Triangle said:
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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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There's a whiff surrounding this company. Some things don't add up. Their loans and hedging requirements look like they're over a barrel. Two significant CRs in the space of a few months just smells. 'Working capital' in the Dec quarter was $40m. That's a very nice coffee machine update.
 
Sean K said:
There's a whiff surrounding this company. Some things don't add up. Their loans and hedging requirements look like they're over a barrel. Two significant CRs in the space of a few months just smells. 'Working capital' in the Dec quarter was $40m. That's a very nice coffee machine update.
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Anyone really surprised?
Did I not post a few interesting history facts as a burnt investor nearly a decade ago .the good thing is they kept their name .and the management so that way I know who to avoid without much researchsorry for your losses
 
RED - my aspiration for a silver spoon this time in March tipping
Who knows
.https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02635194-6A1137695?access_token=83ff96335c2d45a094df02a206a39ff4
Market always reacts with CR by junior miners without understanding they do not have huge cash to play but they do offer multiplied return .
So with 13.5 cents CR, I do believe the price will be good enough in March to bring my tip to the top unless my prediction comes true on 28th Feb and I am back to square . So strongly ramping :) to bring down the tip price as low as possible.
DNH
Hopefully the brokers will ramp up the price from 1 March to get all SPP fully or over subscribed by 21 March.
However without any bias, the challenge for RED is the low grade, low volume, low recovery and hence high AISC for an underground mine. Lets see how it goes. Reading stock specialist's technical analysis, it will be really a lotto win if RED goes first 10 in March :) :)

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Miner said:
RED - my aspiration for a silver spoon this time in March tipping
Who knows
.https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02635194-6A1137695?access_token=83ff96335c2d45a094df02a206a39ff4
Market always reacts with CR by junior miners without understanding they do not have huge cash to play but they do offer multiplied return .
So with 13.5 cents CR, I do believe the price will be good enough in March to bring my tip to the top unless my prediction comes true on 28th Feb and I am back to square . So strongly ramping :) to bring down the tip price as low as possible.
DNH
Hopefully the brokers will ramp up the price from 1 March to get all SPP fully or over subscribed by 21 March.
However without any bias, the challenge for RED is the low grade, low volume, low recovery and hence high AISC for an underground mine. Lets see how it goes. Reading stock specialist's technical analysis, it will be really a lotto win if RED goes first 10 in March :) :)

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Crikey, those indicators at the bottom are ordinary. Must be a good time to buy. :-O
 
From Barry FitzGerald, Stockhead.com.au
Posting this to monitor RED's progress.

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I assume the recent cap raise will strengthen RED's position in the Leonora region anticipating further merger activity.
 
peter2 said:
From Barry FitzGerald, Stockhead.com.au
Posting this to monitor RED's progress.

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I assume the recent cap raise will strengthen RED's position in the Leonora region anticipating further merger activity.
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Good afternoon peter2
rcw1 don't like Red5. Notwithstanding this factor rcw1 agrees with Fitzgerald regarding the Koth Mill and GMB / SBM intentions. Remains to be seen what eventuates in this space. True be told thanks for providing this information.
Have a very nice week.
Not holding GMD, SBM or RED. Do fast trade SBM.

Kind regards
rcw1
 
RED reports record gold production during March23. Good to see some positive news regarding RED (and accompanying price spike).
Pleased to see 10% of debt paid and hope they pay down more with some of the newly raised capital. The share price has been diluted enough with too many shares issued.
 
RED reports another monthly gold production record. Seems to be getting its act together, finally.
Price has been bullish while most other gold producers are drifting lower with the POG.
 
frugal.rock said:
Dare I say, it almost looks like it's about to break out....
(there, I've put the mocha on to it...🦞)
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Was it me, or was it the POG taking a dive last night...?!

Hadn't looked at the POG chart recently, but I am now surprised RED was still running up until yesterday, after looking at it.

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According to Evil Murdoch Empire , despite having barely digested the Gawlia mine , there are Rumours that Genesis now wants to swallow Red 5.
There were always suggestions that Raleigh Finlayson’s Genesis Minerals at some point would move in on fellow Western Australian gold miner Red 5.
Sources close to Genesis Minerals had suggested that any deal would be some time off, as the company works to integrate the recently acquired Australian assets of gold miner St Barbara.

But now that Red 5 has largely eliminated debt (its net debt is $81.9m) and is making money – its operations have been cashflow positive since March – some think a deal for the $1.6bn Genesis Minerals to buy the business makes sense sooner rather than later.
And perhaps shareholders think so too, because Red 5’s share price recently tracked higher and its market value is now at $830m. Its shares closed up 4 per cent on Thursday at 25c.

No one knows Red 5’s flagship asset, the King of the Hills mine and processing plant, better than Raleigh Finlayson who sold it to Red 5 for $16m in 2017 when he was running Saracen, now part of Northern Star.
On Thursday, Red 5 told the market there was a continued increase in resource confidence at King of the Hills, with a 185 per cent increase in open pit measured resources and a 102 per cent increase in underground indicated resources.

The business is highly strategic for Genesis Minerals, as its Leonora goldmining assets are close by in WA.

King of the Hills has 6 million tonnes of plant capacity at what is a $226m processing plant and can be expanded to about 7 million or 8 million.

Market sources believe that Red 5’s shareholders would support a buyout of the company that has been led by Mark Williams since 2014.

King of the Hills’ open pit and underground gold mine is located 28km north of Leonora and 80km south of the company’s underground Darlot satellite gold mine in the Eastern Goldfields of WA.

Genesis Minerals has its Leonora gold project, 30km south of Leonora. From St Barbara, it has purchased the Gwalia underground mine, 5km south of Leonora, the Leonora mill and Tower Hill project, Zoroastrian project and the Aphrodite and Harbour Lights projects.

Gwalia is currently producing more than 120,000 ounces of gold annually, while King of the Hills is expected to produce 200,000 ounces of gold per annum.
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Not one I have held, it just never appealed to me.
Mick
 
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