VAU - Vault Minerals
- Thread starter Uncle Festivus
- Start date
Great reading 1 page http://www.dailywealth.com/1698/The-Government-Is-Lying-to-You-About-Gold
and it links to this from Sprott our top 5 holder will astound on demand for gold & silver
http://www.sprott.com/Main1.aspx?id=297
Hang tight
and it links to this from Sprott our top 5 holder will astound on demand for gold & silver
http://www.sprott.com/Main1.aspx?id=297
Hang tight
Hi Mgm1a, a great post and most informative with Sprotts presentation of 24th January. We have therefore a strong positive substantial shareholder in Sprott, and hopefully a very positive outlook for gold, and WITHIN the next few months RED commencing production of GOLD!!! When the third variable aligns, then RED should be finally away! (Or will it be before actual production begins?).
(Are you still in ATN?)
(Are you still in ATN?)
But RED's down!!!!
Soon as Red makes a move up....down she goes with some big sells.
You'd think that it would be moving up with the price of gold & their cost of producing at a low cost. How far away is that now?
I agree with you Jancha, its got me beat as to the sentiment, BUT for sure once the plant is built and the commissioning is about done you can bet your bottom dollar it won't be sitting at the current price. Thus we all have a chance to top up again in the next couple of months, and subject to timing (and the price of gold at the time) we could make a quick buck (or dare I say a fastbuck, lol!) - unlike my current investment in RED which is on the slow boat to China!).
As bewildering as it is - human nature is predictable, but frustrating all the same. Bottom line is... it doesn't matter what the price does in the meantime, we have a gold miner with a significant proven resource (and exciting reserves) about to produce at very low cost at a time when gold is breaking records. Sooner or later the pendulum will swing... up!
All we need is the pieces of the puzzle to come together (and they will!). The concrete will soon be cured and the meccano set bolted together. Interesting to note, the contractor (Delta) has been busily excavating when possible whilst we have all been waiting for the weather to change, so there'll be plenty of tonnage to process through the mill as soon as its operational.
Mgm the Sprott clip was excellent. Also some great reading on their site - "Debunking the Gold Bubble Myth" in Feb 2011 is well worth a look.
I'm chock full (i.e. cash spent) of Red already, otherwise I would be stacking more away at these prices. Behind the scenes things are moving now!
Hi Guys, Thought I would throw in a few thoughts for you to consider:
1. Despite record price of gold(and silver), at present there is a global phenomenon of underperformance of precious metal shares. While this will obviously change at some stage, it is causing a number of theories as to why. Sprott has said that precious metal stock prices are being manipulated as well as the physical prices which they believe should be higher. The US Debt downgrade may be the catalyst to reverse this and push physical prices much higher, which will inevitably lead to a rerating with stock prices at some point.
2. On HC, there are traders boasting about having sold at the most recent highs and buying back at lower prices. The history of RED seems to support that it doesn't take much to push the price down, especially as volumes are generally fairly thin. This might explain some of the recent weakness in the RED SP.
3. There is a certain amount of "tiredness" with RED. There is no doubt that management is very very conservative, and while imo this is a good thing, the simple fact is that RED has made a number of announcements (eg on the financing) that have later not proceeded.
Progress on a number of fronts has appeared to be very slow, and must inevitably lead to frustrations by investors large and small. A recent report suggested management has been "faffing about" which was attributed to an institutional investor, so hopefully this has already been taken on board. There is some history of "faffing about" it appears. Of course, the extreme rainfall has not helped at all.
Like others, I am totally convinced RED's day in the sun WILL arrive, and the SP WILL deliver. Happy Easter to all RED holders. AB
1. Despite record price of gold(and silver), at present there is a global phenomenon of underperformance of precious metal shares. While this will obviously change at some stage, it is causing a number of theories as to why. Sprott has said that precious metal stock prices are being manipulated as well as the physical prices which they believe should be higher. The US Debt downgrade may be the catalyst to reverse this and push physical prices much higher, which will inevitably lead to a rerating with stock prices at some point.
2. On HC, there are traders boasting about having sold at the most recent highs and buying back at lower prices. The history of RED seems to support that it doesn't take much to push the price down, especially as volumes are generally fairly thin. This might explain some of the recent weakness in the RED SP.
3. There is a certain amount of "tiredness" with RED. There is no doubt that management is very very conservative, and while imo this is a good thing, the simple fact is that RED has made a number of announcements (eg on the financing) that have later not proceeded.
Progress on a number of fronts has appeared to be very slow, and must inevitably lead to frustrations by investors large and small. A recent report suggested management has been "faffing about" which was attributed to an institutional investor, so hopefully this has already been taken on board. There is some history of "faffing about" it appears. Of course, the extreme rainfall has not helped at all.
Like others, I am totally convinced RED's day in the sun WILL arrive, and the SP WILL deliver. Happy Easter to all RED holders. AB
...On HC, there are traders boasting about having sold at the most recent highs and buying back at lower prices. The history of RED seems to support that it doesn't take much to push the price down, especially as volumes are generally fairly thin. This might explain some of the recent weakness in the RED SP.
...A recent report suggested management has been "faffing about" which was attributed to an institutional investor, so hopefully this has already been taken on board. There is some history of "faffing about" it appears. Of course, the extreme rainfall has not helped at all.
Hi Anderbond, great to see your post.
I suggest that those boasting selling at recent highs and getting back in at lows are fortunate, and I for one will NEVER take the risk of predicting another cycle or 2 in RED as for sure the one time you (I) do it will be the one time that it never comes back, lol! I believe the better strategy, if you have more cash, is to slowly buy more on the dips - but in my own situation, having been up to the eyeballs in RED for a while now, I won't do that until I have liquidated some other shares which are providing a slightly better return for me at present (but as AB states, RED's time in the sun WILL come!).
With regard to the faffing about, I'm of the view now that once the project is bedded down, there will be some changes to the board, with the combined effects of the insto's forcing change and the fact that the project has finally been delivered will be a sensible time for those concerned to call it a day! And once that occurs I can see RED move even higher, not withstanding that its going to move in the first instance as the project delivery becomes well known. I think we are still about 6 - 8 weeks from the price turnaround, but of course I could be wrong (I admit I've been wrong on the share price for quite a while now, lol!).
Have a good Easter AB and all.
OK you gals seem to see this as more ho hum than me....or maybe i'm becoming too microscopic in my vision.......
Can't overlook the rain but THREE blue skys heavily hinted at -
1.) more Siana at high grade will be drilled,
2.) Mapawa; "review of all data with respect to...zinc" (odd statement to make for a gold company so there must be value there), and
3.) Alegria-Madja area with anomalies of 1km in diameter! ..now that is only SIX km away from Siana, a mine with a JORC of 4.3g/t. We are talking spitting distance from a near producer in a region that has had fabulous gold history ..and not some desert area in the back of beyond. This is in the zone, folks.
Subtantial Shareholders; I missed that Lujeta had kept their stake at 5.1% so had been participating in the cap raisings by adding 15m shares. Then i missed Bank of America not listed as substantial shareholder in this report or the last - their "stake" seems to tied in as a nominee for others..haven't cracked understanding it. Still Top 5 holding 41.9% aint shabby and many major holders under that.
The Cashflow Report; usually posted at same time - i suspect they don't want to highlight the break-fee with Sprott's and want the Activities to be more prominent and gain market attention.
I will be keenly awaiting as it should stick out like the proverbial in the Financing section with no chance to hide it!
I can see from your comments Anderbond re faffin about and beatles re the board changes likely in future that it ties in with dissent votes at the EGM that still hasn't come out. Being a conservative company, having a great undervalued asset and future blue-sky, makes for a solid invetsment and a solid prospect for M&A
Can't overlook the rain but THREE blue skys heavily hinted at -
1.) more Siana at high grade will be drilled,
2.) Mapawa; "review of all data with respect to...zinc" (odd statement to make for a gold company so there must be value there), and
3.) Alegria-Madja area with anomalies of 1km in diameter! ..now that is only SIX km away from Siana, a mine with a JORC of 4.3g/t. We are talking spitting distance from a near producer in a region that has had fabulous gold history ..and not some desert area in the back of beyond. This is in the zone, folks.
Subtantial Shareholders; I missed that Lujeta had kept their stake at 5.1% so had been participating in the cap raisings by adding 15m shares. Then i missed Bank of America not listed as substantial shareholder in this report or the last - their "stake" seems to tied in as a nominee for others..haven't cracked understanding it. Still Top 5 holding 41.9% aint shabby and many major holders under that.
The Cashflow Report; usually posted at same time - i suspect they don't want to highlight the break-fee with Sprott's and want the Activities to be more prominent and gain market attention.
I will be keenly awaiting as it should stick out like the proverbial in the Financing section with no chance to hide it!
I can see from your comments Anderbond re faffin about and beatles re the board changes likely in future that it ties in with dissent votes at the EGM that still hasn't come out. Being a conservative company, having a great undervalued asset and future blue-sky, makes for a solid invetsment and a solid prospect for M&A
(Hi Mgm1a, I presume you meant that line to be directed at some of the nice folk on that other website - beatle ain't no girl, and since AB has referred to being recently married I'd assume AB's a he too, lol).
I agree entirely with your comments Mgm1a regarding the drilling now planned for the Siana MPSA and closer to the pit. Its actually what I have been hoping RED would do for some time now, especially knowing that they in fact have lots of potential for porphyry related mineralisation not just at Madja but in other close by localities - if you recall it, they did do some preliminary geophysics and geochem work in parts of that area which were very promising, but they had no spare cash at that time (it was some years ago now) and therefore stopped short of doing the investigative work (including drilling) that it deserves. Any success in the short term there could completely change the investors view to RED as being a 1 mine project, apart from the fact that Mapawa should finally prove it will become another mining project to be developed.
And the drilling at the pit will heighten the expectation of some reserves upgrades, with higher grade ore, in the months that follow the mine opening IMO.
The comment about the zinc relates more to the relationship it tends to have in these porphyry alteration systems than its economics - it means they are probably some distance from the core of the system, which in itself provides an indication that the core might be considerable (although it might also be a bit deeper than we had hoped - but with economic grades at much shallower levels then its an easier development than say Boyongan up the road).
As to your comment about the cashflow report, its an interesting comment, but maybe its more related to wanting to get the news out sooner (and so they can sleep well over Easter), and the accountants have to do the rest with the cashflows etc once all the numbers come in. But you could be correct.
RED WILL deliver IMO!
Hi Beatle, whats your take on the current red sp, have looked at alot of other goldies and there also getting kicked down, its hard to swallow with the gold price going gang busters and we have a gold company that will be pouring gold in the next few months, by the charts we are now in a comfirmed down trend, would it be a brave to throw more money at it or foolish, i keep thinking of the gfc when red hit the .03s, somehow i feel were entering gfc phase 2.........hope i'm wrong....regards fastbuck.
Hi Fastbuck, an interesting question that I think most are also asking at the moment (including me!), but of course you are actually asking it about the whole market, not just for RED or even the broader gold market, it seems to be a real issue for the entire aussie market. And since you asked the question gold has gone even higher, something you could hardly think about, and last night's rise was huge, PLUS the Dow went up to boot!
I do feel unnerved about how our aussie market is behaving, and with RED it irks me that we still remain in the doldrums and range bound. But you won't believe it, I made a decision a few days ago that its about time to fill up with a few more, and I bought some at 16.5 cents, just BEFORE it went south!!! Then when it got to 15.5 cents (on the way up from 15.0 cents) I got some more!. While I'm not suggesting that its the right decision as the market is scary at the moment, my decision is based entirely on an assumption that RED WILL produce first gold either July/Aug or Sept, and that the broader markets won't kark it in the next couple of days/weeks/months (and gold stays above US$1,000/oz).
I have no doubt that we will look back and consider the current RED share price was a cheap entry when it begins producing gold, building up to an annual rate of 100,000 ozs, in the following 4-6 months.
Mardo also makes a good point that I'm mindful of, that there are some interesting weeks ahead when RED management will be giving some presentations both in the US and I believe in Hong Kong to some big instos.
I do feel unnerved about how our aussie market is behaving, and with RED it irks me that we still remain in the doldrums and range bound. But you won't believe it, I made a decision a few days ago that its about time to fill up with a few more, and I bought some at 16.5 cents, just BEFORE it went south!!! Then when it got to 15.5 cents (on the way up from 15.0 cents) I got some more!. While I'm not suggesting that its the right decision as the market is scary at the moment, my decision is based entirely on an assumption that RED WILL produce first gold either July/Aug or Sept, and that the broader markets won't kark it in the next couple of days/weeks/months (and gold stays above US$1,000/oz).
I have no doubt that we will look back and consider the current RED share price was a cheap entry when it begins producing gold, building up to an annual rate of 100,000 ozs, in the following 4-6 months.
Mardo also makes a good point that I'm mindful of, that there are some interesting weeks ahead when RED management will be giving some presentations both in the US and I believe in Hong Kong to some big instos.
Hi Fastbuck, I presume you have been following the threads on that other website with reference to a number of small gold explorers/miners affected by Bank Of America change of substantial shareholdings. Whilst I don't know (or even understand) the arrangements that may have been set up between BOA and the other parties that are the true beneficial holders of RED shares that seems to have put up RED shares as collateral to BOA for its share trading activities (in RED plus so many other stocks on the ASX), it does appear that the arrangement has been terminated on 29 April.
What the fallout of that is yet to be understood by me, but clearly there seems to be a weakening in RED trading, probably as a consequence of that action, and I must admit seeing RED down at 13.5 cents momentarily for me this morning is more than unnerving! I really can't understand how it can trade at that level, and i am only comforted by the fact that in a few months time RED will be producing gold at substantial profits! Like all of you out there I am following the trading activity very closely, and it probably is presenting as a real buying opportunity, but having got into the market last week at 16.5 cents makes me cringe when I see it today!
What the fallout of that is yet to be understood by me, but clearly there seems to be a weakening in RED trading, probably as a consequence of that action, and I must admit seeing RED down at 13.5 cents momentarily for me this morning is more than unnerving! I really can't understand how it can trade at that level, and i am only comforted by the fact that in a few months time RED will be producing gold at substantial profits! Like all of you out there I am following the trading activity very closely, and it probably is presenting as a real buying opportunity, but having got into the market last week at 16.5 cents makes me cringe when I see it today!
Hi Guys.
Its been a fairly disappointing couple of weeks. Can anyone explain what is happening to the Aussie market, compared to the rest of the world. I'm assuming with America that theres no money in fixing your cash, therefore they are still putting there money into safer options like the share market. In Australia I'm guessing they are doing the opposite. Someone please correct me if I'm wrong.
As for RED Beatle, I'm sorry to here you had bought some more at the 16 cent mark. But I'm sure you will see that blue sky in the coming months like you say, and like we all believe. Hopefully its not a GFC phase two Fastbuck1. We certainly don't need that. With a bit of luck it is just another buying opportunity. I'm hoping to get in real soon...
And the 10.7 mill shares cross traded at 4.15 this afternoon is also a bit of a bother. I'm hoping none of our other major instos have lost faith as well.. C'mon RED
Its been a fairly disappointing couple of weeks. Can anyone explain what is happening to the Aussie market, compared to the rest of the world. I'm assuming with America that theres no money in fixing your cash, therefore they are still putting there money into safer options like the share market. In Australia I'm guessing they are doing the opposite. Someone please correct me if I'm wrong.
As for RED Beatle, I'm sorry to here you had bought some more at the 16 cent mark. But I'm sure you will see that blue sky in the coming months like you say, and like we all believe. Hopefully its not a GFC phase two Fastbuck1. We certainly don't need that. With a bit of luck it is just another buying opportunity. I'm hoping to get in real soon...
And the 10.7 mill shares cross traded at 4.15 this afternoon is also a bit of a bother. I'm hoping none of our other major instos have lost faith as well.. C'mon RED