VAU - Vault Minerals
- Thread starter Uncle Festivus
- Start date
Hi Mgm1a, its a shame that RED hasn't been able to make some positive statements about its exploration whilst we wait for the rain to stop (lol), but thats the problem with having all its eggs in the one basket I guess (ie all its activities within the same couple of MPSA's). As I mentioned earlier I won't sell my shares in RED, regardless of the opportunity cost, as for sure the day I sell them for a short time they will begin the move up! I hope that the lack of news hasn't forced out some of our longer term posters such as Anderbond, Fatsoh, Fastbuck, Councilgritter, from holding! They've been quiet, like us all, in recent times.
Maybe the announcements of a new director or whatever might get the market revved up a bit, presumably that is about to be announced soon! Of course that also depends upon the profile of that person and what his involvement will be (preferably someone who has done it all before and has some weight in the industry).
Maybe the announcements of a new director or whatever might get the market revved up a bit, presumably that is about to be announced soon! Of course that also depends upon the profile of that person and what his involvement will be (preferably someone who has done it all before and has some weight in the industry).
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Still an exceptionally bored holder, Beatle. I have reduced my holding, only because there is so much else out there in "resource" land which was simply passing me by. The way it seems to me is that I'll be able to re-purchase at around current levels in a couple of months anyway! Like MGM, I have had a couple of multi-baggers over the last few months. A comment which struck a chord with me was that RED have been "starved of the oxygen of publicity" due to their propensity to use unknowns such as Petra then Casimir as Lead Managers in their last 2 raisings....RED just don't get the attention from the broader Australian investing public which one would think their prospects would warrant. Anyway, back to hibernation!
Hi Hugh,
I agree with your comments and the bordem bug that Red is in before the plant build is underway again. I doubt you will get a better time to top up than now.The big pay off will hopefully come at the Casimir Capital conference in New York on 2nd May and we will all see if if they really do expand the shareholder base at that time !
I agree with your comments and the bordem bug that Red is in before the plant build is underway again. I doubt you will get a better time to top up than now.The big pay off will hopefully come at the Casimir Capital conference in New York on 2nd May and we will all see if if they really do expand the shareholder base at that time !
Hi Hugh_Jarzz/Mardo, good to see you both watching RED with an interest to consider some more shares later on - it seems we are all of the same opinion, that RED is a great BUY, but later on and not now!!! But I'm simply too attached to my RED shares (and probably its more about being too scared now!!!) to sell down as it would be just my luck to have held RED all these years then watch them make that move we all anticipate!
I wonder if May is still a bit too soon, since whilst that conference is a great chance for PR and talk, the issue with RED is actually completing the work, and until the work on the ground is really close to completion (or completed!) no one wants to take a chance! I don't plan to buy any more RED until much later on than May, probably mid-June, once I am satisfied that its about to commence commissioning of the plant - but having got a lot already I am not so fussed if I miss out on a lot more.
Also, I do take Hugh_Jarzz point to heart, as RED has limited following within the Australian broking groups of note. It seems us posters have had to try to carry the load for RED in past years when it should have been the mining analysts in broking firms do it for us shareholders! I do recall a few years ago that Pan Aust and RED were being compared, as they both were trying to raise funds for their developments, for offshore projects, and they went in completely different directions to go about that capital raising and subsequent events, and which of those companies has made it big time? - PNA market cap of $2.4 billion, RED market cap $0.2 billion! IF I HAD ONLY KNOWN AT THAT TIME, LOL
I wonder if May is still a bit too soon, since whilst that conference is a great chance for PR and talk, the issue with RED is actually completing the work, and until the work on the ground is really close to completion (or completed!) no one wants to take a chance! I don't plan to buy any more RED until much later on than May, probably mid-June, once I am satisfied that its about to commence commissioning of the plant - but having got a lot already I am not so fussed if I miss out on a lot more.
Also, I do take Hugh_Jarzz point to heart, as RED has limited following within the Australian broking groups of note. It seems us posters have had to try to carry the load for RED in past years when it should have been the mining analysts in broking firms do it for us shareholders! I do recall a few years ago that Pan Aust and RED were being compared, as they both were trying to raise funds for their developments, for offshore projects, and they went in completely different directions to go about that capital raising and subsequent events, and which of those companies has made it big time? - PNA market cap of $2.4 billion, RED market cap $0.2 billion! IF I HAD ONLY KNOWN AT THAT TIME, LOL
Beatle I am disappointed to note that your sentiment seems to have changed somewhat over the past 6 months that I have held RED. Dont get me wrong mate as I am a newbie but I must admit that the enthusiasm shown in this forum for RED was one of the deciding factors in my original purchase. Good to see a little upturn in share price today I am only down 13% now lol!
Hi Rick64, and good to know you are still hanging in there.
Just to put my sentiment in perspective for you: I have held RED shares for more than 14 years now, and I can see the finishing line to the development at Siana. But its like the donkey and the carrot (and I AM THE DONKEY, hee haw!), the finishing line keeps moving out!
I AM a believer in RED, and I believe that there are so many other small shareholders who are believers now, AS WELL AS the BIG INSTOS such as Matthews, JP Morgans, Baker Steel.
With these last few hurdles to cross, aided by rain of a magnitude unprecedented in recent years around Siana, its allowed the momentum of trading to slacken, and for the bigger instos to take control of the sharetrading supported by BOTS. And in the meantime the PR has not been apparent to us retail investors, its probably been directed to the instos.
I am the first to agree that I was vehemently opposed to the huge capital raising undertaken by RED, but the company got themselves in a corner such that we were effectively forced to approve the transaction to ensure the project was sufficiently funded. The fact that RED has now changed the terms of the recent debt facility confirms to us all that RED got it wrong with the size of that capital raising!
But those issues are now behind us, we are all waiting for the rain to stop and for the plant to be built. I have no doubt that within the next couple of months your 13% reduction in share value will have vanished, and RED will move towards its fundamental value somewhere in the 30's cents range. I'm just not sure when the rain will stop (and the reins will be released to the share price!).
AND to boot we have a record gold price (in US dollars of course).
Just to put my sentiment in perspective for you: I have held RED shares for more than 14 years now, and I can see the finishing line to the development at Siana. But its like the donkey and the carrot (and I AM THE DONKEY, hee haw!), the finishing line keeps moving out!
I AM a believer in RED, and I believe that there are so many other small shareholders who are believers now, AS WELL AS the BIG INSTOS such as Matthews, JP Morgans, Baker Steel.
With these last few hurdles to cross, aided by rain of a magnitude unprecedented in recent years around Siana, its allowed the momentum of trading to slacken, and for the bigger instos to take control of the sharetrading supported by BOTS. And in the meantime the PR has not been apparent to us retail investors, its probably been directed to the instos.
I am the first to agree that I was vehemently opposed to the huge capital raising undertaken by RED, but the company got themselves in a corner such that we were effectively forced to approve the transaction to ensure the project was sufficiently funded. The fact that RED has now changed the terms of the recent debt facility confirms to us all that RED got it wrong with the size of that capital raising!
But those issues are now behind us, we are all waiting for the rain to stop and for the plant to be built. I have no doubt that within the next couple of months your 13% reduction in share value will have vanished, and RED will move towards its fundamental value somewhere in the 30's cents range. I'm just not sure when the rain will stop (and the reins will be released to the share price!).
AND to boot we have a record gold price (in US dollars of course).
Hi Guys, I am still around and still holding. Although I have not been a holder for as long as Beatle, I have been involved for a good few years now. I remain totally convinced that RED will really fly in due course. It has been a frustrating period over last few months, but our day WILL come! Interesting discussion with another investor yesterday in relation to the number of mining projects in the southern part of Mindanao that have run into bother with local community actions. Basically, it seems it is the corruption thing again with some local community leaders looking for further "commission" or otherwise trouble is stirred up. As far as I am aware, GE has got full community support at least in the local area, and it tends to reinforce the value of the community improvement projects carried out by GE over many years. There is nothing like having great local knowledge and knowing the way the system works best in the Phils imo.
This support encompasses the NPA as well as I understand it. The new board member should be announced soon, which might help things along too. Unfortunately the program traders have been active enough to stifle SP growth, but hopefully this will cease. My new wife still wants her shopping spree at Green Belt but she will have to wait like the rest of us lol. AB
This support encompasses the NPA as well as I understand it. The new board member should be announced soon, which might help things along too. Unfortunately the program traders have been active enough to stifle SP growth, but hopefully this will cease. My new wife still wants her shopping spree at Green Belt but she will have to wait like the rest of us lol. AB
Hi AB, great to see a post from you, and is it ominous? (did you just take out 1.3 million shares at 18 cents, lol?). Again I may have missed the mark with my view as to the turnaround date, but gee I would love to be wrong with RED this time!
I would like to support your comment made re GE and his highly favourable influence with the local community, and in fact his whole attitude to RED doing business in the Phils. I would have no hesitation in presuming that he leads the foreigners involved in the mining industry in Phils in acting in a very positive community minded manner which is now resulting in RED enjoying a positive relationship with all stakeholders concerned. I have been onsite a few times, and in all my observations, either with him or without him present, all concerned have only good words to say about him! And it shows in how he has got all involved, whether it be those directly involved in the Siana/Mapawa operations, or those benefitting through RED's Phils initiatives led by GE.
I would like to suggest that RED has a unique positive relationship with the local community that is unlikely to be challenged even by some of the current miners!
And lastly AB, you better get prepared for that shopping spree in Greenbelt! lol!!!
I would like to support your comment made re GE and his highly favourable influence with the local community, and in fact his whole attitude to RED doing business in the Phils. I would have no hesitation in presuming that he leads the foreigners involved in the mining industry in Phils in acting in a very positive community minded manner which is now resulting in RED enjoying a positive relationship with all stakeholders concerned. I have been onsite a few times, and in all my observations, either with him or without him present, all concerned have only good words to say about him! And it shows in how he has got all involved, whether it be those directly involved in the Siana/Mapawa operations, or those benefitting through RED's Phils initiatives led by GE.
I would like to suggest that RED has a unique positive relationship with the local community that is unlikely to be challenged even by some of the current miners!
And lastly AB, you better get prepared for that shopping spree in Greenbelt! lol!!!
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RED was listed as a buy recommendation in the Wilson HTM Quarterly Commodities Price review.. a copy of it is available here -
http://www.hillgroveresources.com.au/downloads/media-broker/110125 Wilsons HTM CommPrice_Update.pdf
http://www.hillgroveresources.com.au/downloads/media-broker/110125 Wilsons HTM CommPrice_Update.pdf
Hi Beatle and others i havn't sold out was just board like other red holders and have been watching on the side lines but today was a heads up as we see a bit of sp action, good to see gold price strong and now looks like red will have a gold price of $1500 on its first pour and don't forget silver, i beleive there will be a frenzy on gold shares very soon any stock that has a gold lease will be a multi bagger, with the frenzy no one will want to miss out red could could hit $1.50 or more the trick will be not to sell out to early.
Hi all RED club members. Its certainly been a while. How are we all traveling? Its great to see the majority of us are still in the picture. Hows Beatle and AB?
Although i have not increased my holdings, i still have not sold a single share. On the other hand my father has virtually doubled his holdings since the last time i spoke. Just means a few less shares being thrown around on market and being held ever so tightly by a long termer..
I think we have all been a little quiet, just sitting back waiting very patiently for that special day to arrive. It can certainly be a frustrating wait. I'm sure RED management are feeling just as frustrated with the rains in the Phills. Lets just hope in the very near future the heavens dry up and RED gets the break it needs and the green light to kick this project off the ground..
Adobee great to see your post. Interesting we see another buy recommendation on RED. It would be nice to see that gold price increase 25% to $2000 an oz in 2012. Should make RED an extremely profitable company only costing $351 to extract.
Today was a better day. lets hope it is the start of something magic in regards to RED. Go RED GO !!!
Although i have not increased my holdings, i still have not sold a single share. On the other hand my father has virtually doubled his holdings since the last time i spoke. Just means a few less shares being thrown around on market and being held ever so tightly by a long termer..
I think we have all been a little quiet, just sitting back waiting very patiently for that special day to arrive. It can certainly be a frustrating wait. I'm sure RED management are feeling just as frustrated with the rains in the Phills. Lets just hope in the very near future the heavens dry up and RED gets the break it needs and the green light to kick this project off the ground..
Adobee great to see your post. Interesting we see another buy recommendation on RED. It would be nice to see that gold price increase 25% to $2000 an oz in 2012. Should make RED an extremely profitable company only costing $351 to extract.
Today was a better day. lets hope it is the start of something magic in regards to RED. Go RED GO !!!
Hi Moit and Fastbuck, its great to see your posts too - and it seems we have all been suffering the same problem (boredom with RED share price). But once a sharholder in RED its hard to stop being affected by the expectation of a major jump up sooner or later!
As with all I was most excited to see the share price start to move (and thats why I won't be selling my shares because if you sell out you will get caught out one day!), and I assumed that Adobee's pointing to the Wilson's further recommendation of RED. Until I read on that other website that the Wilson recommendation was dated Jan 26 2011!!! Then I checked and sure enough, its a dated recommendation that we have all seen before - oh I must be getting old, not noticing that date!
But the fact is that RED DID move up yesterday, for whatever reason, and maybe its got some legs in it now. IF it drops back, then it just goes to show those (im)patient holders (I have been IM and frustrated for a while now!) that you can't afford to drop shares otherwise you might regret it once it does move upwards, and surely its got a long way to go to be where it should be based just on Siana development.
As with all I was most excited to see the share price start to move (and thats why I won't be selling my shares because if you sell out you will get caught out one day!), and I assumed that Adobee's pointing to the Wilson's further recommendation of RED. Until I read on that other website that the Wilson recommendation was dated Jan 26 2011!!! Then I checked and sure enough, its a dated recommendation that we have all seen before - oh I must be getting old, not noticing that date!
But the fact is that RED DID move up yesterday, for whatever reason, and maybe its got some legs in it now. IF it drops back, then it just goes to show those (im)patient holders (I have been IM and frustrated for a while now!) that you can't afford to drop shares otherwise you might regret it once it does move upwards, and surely its got a long way to go to be where it should be based just on Siana development.
Hi Fastbuck, great to hear from you again!
As for gold selling forward, I have had a number of conversations about that with some of the directors over the past years, and seems to me the majority remain in favour of keeping their options open, the only time they relented was when it was related to the debt facility with the gold pre-pay but that was a particular arrangement for funding and it didn't eventuate in the end.
As for the current gold price (which is at its all-time high now) in US dollars, well you will know that the aussie is also at its all-time high post float - the strength of the aussie has actually affected the aussie gold price more so, thus we are not at the all-time aussie gold price - I refer you to the following chart:
http://www.xe.com/currencycharts/?from=XAU&to=AUD&view=1Y
Therefore whilst the capex contracts benefit RED when in US $ and the US$ components of the operating cost, it is not really a help on the revenue side whilst the aussie keeps moving up. And naturally it tends to be a sympathetic relationship between US gold price and the aussie currency, so that when the gold price comes off then the aussie is likely to come off too (that affects gives us some benefits if the gold price comes off and the aussie comes off at a faster rate, even though the general market doesn't seem to appreciate it!).
Whilst the gold price is unlikely to sustain this run for the next months I have now changed my stance on the hedging slightly, due to the strength of the aussie dollar. who would believe that the aussie dollar could move to this level, particularly as most of the australian economy is not real healthy! (Thank goodness for our miners, and the Fed Govt want to tax them more despite the flow on to the rest of the economy, crazy!).
As for gold selling forward, I have had a number of conversations about that with some of the directors over the past years, and seems to me the majority remain in favour of keeping their options open, the only time they relented was when it was related to the debt facility with the gold pre-pay but that was a particular arrangement for funding and it didn't eventuate in the end.
As for the current gold price (which is at its all-time high now) in US dollars, well you will know that the aussie is also at its all-time high post float - the strength of the aussie has actually affected the aussie gold price more so, thus we are not at the all-time aussie gold price - I refer you to the following chart:
http://www.xe.com/currencycharts/?from=XAU&to=AUD&view=1Y
Therefore whilst the capex contracts benefit RED when in US $ and the US$ components of the operating cost, it is not really a help on the revenue side whilst the aussie keeps moving up. And naturally it tends to be a sympathetic relationship between US gold price and the aussie currency, so that when the gold price comes off then the aussie is likely to come off too (that affects gives us some benefits if the gold price comes off and the aussie comes off at a faster rate, even though the general market doesn't seem to appreciate it!).
Whilst the gold price is unlikely to sustain this run for the next months I have now changed my stance on the hedging slightly, due to the strength of the aussie dollar. who would believe that the aussie dollar could move to this level, particularly as most of the australian economy is not real healthy! (Thank goodness for our miners, and the Fed Govt want to tax them more despite the flow on to the rest of the economy, crazy!).