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VAU - Vault Minerals

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Hi all RED club members.

Thanks for the great post mgm1a. I wont even begin to ask, where or how, you found that out.. But well done...

Though i am curious. I looked on CNBC and found it was an American listed company, but if listed on the 23 May, why no trade?? Are you sure its not a misprint, 23 of July?
 
Hi Starcraftmazter, maybe they listed there because they want to buy a big chunk at once? I think she's going UP!
 
Hi all RED club members. That would have to be the shortest post we have ever received off you Beatle, lol. Can anyone shed any light on RED being listed in America?

Did anyone see the (4 958 828) bid to buy in this morning at 17 cents. I was praying to god it wasn't a dummy bid. But it turned out it was and pulled about 9.45am. Bugger... I said to my wife its probably Beatle topping up, lol.

Hopefully we are continuing in the right direction. Price of golds up, and expected Siana drill results back by months end. So maybe this week?? We are so close now. Hang in there guys.
 
Yes & yes Moit, I saw the Big bid first thing & thought it could be a bid put in by a large US insto/fund. I thought short & sweet is best.

The quarterly is going to be interesting with drilling results hopefully.
 
I could really use a fortnight to slap together extra funds, so I hope it doesn't go up much until the end of August. That being said, RED is refusing to do anything but go up at the moment.
 
Looks like you will get your opportunity Starcraftmazter! If I was to read something into the share price it would be that there is not going to be much news that we don't already know, but I may be getting too cynical in my old age!

I would have thought that if the drilling at Siana had some very exciting numbers then it would have deserved its own ASX announcement and not coupled with the quarterly, and most companies to prefer for such separate announcements to be on their own news day. So from that I presume the drilling results are either not coming out or aren't anything to be excited about.

Either way its ok as RED WILL go up, believe me (lol), just not sure when, IMO of course!
 
Looks good so far, I'm hoping the market takes a dive on August 2nd as the US defaults and RBA raises rates.

That's quite a few things to hope for, but I have a little bit of optimism in my pessimism so it say :D
 
Hi to members of the Red Club, well the quarterly has hit, and my reading of the consolidated news is very positive. I think the overall situation is now so solid that there is every opportunity to do some much needed local marketing. GE will be undertaking a number of presentations in Australia in the near future so this should help the SP immeasurably. The drill results from the North East envelope are not startling but consistent with the overall situation to my eyes, so eventually we should see an decent increase in resources. As the saying goes, every little bit helps! The whole focus rightfully is on getting into production. The new estimate on production cost is also great news as it places the company well and truly in the lower strata of produces.
Have a great weekend everyone! Forget the grand political theatre in the US and the Fourth (Economic) Reich in the Eurozone. Go RED!AB:cool:
 
Hi All, and some good news with the progress starting to show clearly in the accompanying the pics to the quarterly report. And seems to me we will get some very positive announcements in coming weeks/months with a likely revision to the Mine Plan. This could not only add to total reserve ounces, but also an overall reduction in costs per ounce.

Fastbuck that reference is great, and confirms the views that RED appears to be trading substantially below its peers, and clearly has a lot to do with the slow progress due to high rainfall in the critical months soon after commencing project development start up. All we need is for RED to finally meet the revised start up date of November for first gold pour and I think we are going to see RED price rocket! And I agree with AB's view, but of course we are all biased, lol!

I WILL be looking forward to catching with those that can come to the official mine opening, whenever that month occurs.
 
I have read elsewhere that my good poster friend Desjosie has finally sold out of RED. I was sad to read of that, and hope that he keeps an eye on RED in coming months. I might bore a lot of readers about my expectations for RED share price, but for me it sticks out that RED is one of the most discounted gold explorers come gold producer in the entire ASX market.

I have no doubt that it will go up, and I believe that the investments made recently by RED directors in the company, plus the mega millions of shares held by Matthews, Baker Steel, JP Morgans etc are not sitting in RED without that same expectation. And the valuation, at the current share price suggests it could be an appreciable upgrade to share price when it moves.

I may have an emotional attachment to my RED shares as I have held shares for more than the name RED has been attached to the original Greenstone Resources, but my head is ruling my investment now with that valuation firmly indicating RED share price is way below where it can get to, and on a P/E basis supportive of a share price about 3 times as high as where it currently sits!
 
Hi Beatle,thought i had better make a post re the quarterly report.
I noticed that Red5 have employed Rohan Williams as (Group Exploration and Technical Manager).Is he the same Rohan Williams who is or was Manager Director of Avoca before their takover to form Alacer Gold? If so this could provide a lot more heavy hitting in the management and exploration side of the business if their is still some discent re the AGM last year where their was clearly some disatisfaction.Just another point of view to ponder --Cheers.


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Hi Mardo, its an interesting point re Rohan Williams, but I can't confirm that, I will ask someone in the coming days, but to be honest I would be surprised if it was the same geo. IF it was I would think it would be a very big change of pace for him, but to RED's benefit.

Seems the market is finally waking up that RED is a real bargain, although it seems that the coincidence of Digger and Dealers and an all-time high for US$gold price is helping RED on its way. I still stand by my view that RED could be worth close to 40 cents once in production, based on:
1. NPV valuation and relativity to its peer gold miners;
2. Relativity of PE's for a low cost, long life mining operation;
3. Development risk removed.

Go RED UPPP!
 
Hey All,

It is nice to see that many of you are still regularly posting. Now that the SP is back at the 17c mark, I would like to think the recent turmoil (SP drop from 22c to 11c) is all gone and dusted. With that said, i picked up a few new batches along the way and no complaints there ^^.

What interestes me is that today, it is only 10:30 and we already see close to 7m in trade volume, a few buyers stacking up orders close to 6m at 16.5c. Suspicious as those order may be, it could just be punters waking up and warming up to the gold industry, Given how close we are to production and Gold prices at new high ($1661 high), it looks all positive for red. We saw overnight that Obama has finally convinced the Republicians to extend the debt ceiling but nonetheless could not prevent a 300 point drop on the dow jones. This is not to mention the hell Europe is going through presently. Normally i would be sceptical about the Sharemarket, but seeing as how cautious investors (and this is a growing number) is driving up gold prices and Red is fully funded (plus a little safety net). I like where we stand.

@Beatle; I admire your optimism regarding the 40c (and I hope you are right, oh how i wish you are right).

From where i stand, I have no intentions of letting go of my RED shares for anything sub 25c, I may even accumulate some fall if the 6m buyer at 16.5 pulls his order and we see a drop to around 15c or below. But my rational self is telling me, if they were willing to build a mine and found it to be profitable at $1000US/ounce, now that gold has climbed 70%.....not only does that mean more reserves (higher costing gold is all of a sudden profitable) but also..higher margins!.

One question that i have is how the Carbon tax affects Red (you may be the best source beatle). I would imagine, not greatly but still would add to Red's costs i would imagine.

Sorry about the rant; have a quiet day with some time on my hands for a change ^^.
 
Hi and good to see your post Wtang89.

Just briefly on a couple of points:
1. Since the Siana project is outside of Australia there will be no imposition of carbon tax on RED's prime asset, thus it is not affected cost-wise.

2. My valuation (DCF NPV analysis) actually indicates a price of $0.43 if we are to assume current gold and silver price, plus a 5 year tax holiday for the project - all financial analyses I have seen assume no more than 4 year tax holiday (but RED has a 10 year production schedule and the tax concession is for the first half of a project). And that may be extended subject to the outcome of the current reassessment of reserves on a lower cutoff of gold that is underway.

I would also say that a premium to the valuation should occur as with any low cost, long life project once successful commissioning is confirmed.

I do follow RED with my heart but actually I follow it carefully using my financial analysis. Thus I still consider RED to be highly discounted at the prices recommended by Petra and BellDirect as target prices around 25 - 28 cents.
 
With the market coming off so badly it was a time for me to take up some more RED. At 14.5 cents its a lot cheaper than the 17.5 cents someone paid briefly yesterday, and my view yesterday when it hit that 17.5 cents was that I regretted not getting more on the way up! So long as the gold price/aussie dollar keeps in reasonably tandem RED is looking good - gold hit a record US$1,580/oz this morning with the aussie dollar getting belted. Thus more cash flow for RED if this relationship of gold and aussie holds.
 
beatle said:
With the market coming off so badly it was a time for me to take up some more RED. At 14.5 cents its a lot cheaper than the 17.5 cents someone paid briefly yesterday, and my view yesterday when it hit that 17.5 cents was that I regretted not getting more on the way up! So long as the gold price/aussie dollar keeps in reasonably tandem RED is looking good - gold hit a record US$1,580/oz this morning with the aussie dollar getting belted. Thus more cash flow for RED if this relationship of gold and aussie holds.
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beatle most likely red will be red again monday , my closing price prediction is .125 and tuesday will see a low of .115 with a close of .13.. i will place a bid for a small cautious topup on the .115 line........its very dissapointing to see market chaos so close to red's finish line never the less it's better now rather than the september-november pour, i will be more than happy to see .20 and then will concider to call it aday......cheers
 
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