Australian (ASX) Stock Market Forum

VAU - Vault Minerals

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Hi all RED club members. Ive really got nothing to report, only to comment on recent events and posts. Its been an interesting weeking, as far as commentary is concerned.

New trade, how are you mate. (You certainly Kicked the hornets nest over the weekend). I mean that in a nice way... We as RED club members are very optimistic and passionate about our RED. WE have members that have stuck with RED for thirteen odd years, through and thin and are dedicated in to what RED are about achieve.

RED is about to Shine. I don't have to point out Reports, charts, announcements, analysts or anything. In the simplest form, its written the wall. It has too much going for it. (The price of gold, WOW).

Great stuff from all. Mgmla, Jancha, Fastbuck1, and Beatle.

Paul i loved your input mate. It sounds like you know your stuff. I just hope you pop over and join us some time soon. I don't think you'll regret it...

Fastbuck, i had to laugh. Beatle has the house on it, you have the block of land, I got the brand new four wheel drive, and were not talking the Mahindra, lol. But still increasing monthly. I'm hoping i still have enough time to bet my Block. Good research on gold. I hope its not a bubble and continues to grow. Theres only so much to be mined.. Well until the technology improves anyway. I just wish the report said 2011 instead of 2005...

Doug you seem pretty wrapped in RED, why wait till 21 cents. Get in now, and reap them rewards. There certainly going to be healthier if you invest now, rather then later.

Well I'm about to buy more and my average is still under 14, wish it was 12.5 but topped up when i shouldn't have... Who's to complain. Bring on that commissioning date, and lets watch RED sour... Cheers Moit
 
NewTrade said:
I'm glad I got such quick responses to my arguments - I was hoping to top up this afternoon but Wpac/NAB glitches didn't alow my transfer :(

I have holdings in MQG at the moment which am waiting to exit - does not look good for an exit point today so I gues my top-up will have to wait a day.

Jancha - I wish I got in at 12.5c - I didn't really find out about the company until a short time ago. Still, I am sure 17c is still a good entry considering the forcast.
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Hi Newtrade

Settlement is T-3 days so you could have bought your shares today. Your broker wont "settle" the trade for another 3 days.

If you are looking to exit MQG tomorrow might be an alright day (fingers crossed). FTSE is up almost 2% so hopefully we see some green on the DOW too.

Also I know the feeling about missing a price. I'm doing more research on NST and wish I knew more about it last year when it was at 5cents, rather than the 55c its at now.
 
investorpaul said:
Hi Newtrade

Settlement is T-3 days so you could have bought your shares today. Your broker wont "settle" the trade for another 3 days.

If you are looking to exit MQG tomorrow might be an alright day (fingers crossed). FTSE is up almost 2% so hopefully we see some green on the DOW too.

Also I know the feeling about missing a price. I'm doing more research on NST and wish I knew more about it last year when it was at 5cents, rather than the 55c its at now.
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I am only able to invest whatever amount I choose to invest based on what has been deposited into an account. I don't have that 10K limit anymore that Westpac offered me - though now that I am a little more serious about trading I wish I had it.

That is good to hear about the FTSE; lets hope it has a nice influence here and gets our XAO back in shape :p
 
NewTrade, you may or may not know it but I'm exceedingly bullish RED, and (unfortunately) have been for years. I am very confident that they will be trading at much higher levels than now once in production. BUT there is no share that moves up without some sort of retracement through its journey and therefore you are very wise to only invest in shares with the money you have, not borrowed money IMO. If for any reason there is some bad timing with your investing you will be right in the poo if the borrowed funds can't be repaid on time.

But back to RED. Its clear that all gold equities (and by that I refer to those companies either producing gold or due to produce gold, not plain gold explorers which have a mind of their own!) have not made the same moves upwards based on the colossal move upwards by gold. I'm sure that disconnect relates to the fact that gold's move has got ahead of itself and unlikely to be sustained although obviously with the looming potential for QE3 around the corner plus indecisiveness by the euro community we can enjoy the upward move in gold, but not get full benefits of that in share price appreciation in RED at this time. We still have to be patient for RED to one more thing:
PROVE they can produce gold!

I'm also excited about the possibility that RED will announce some changes in the mine plan in the coming weeks with the prospect of a slight increase in gold resource/reserve plus increased gold production over the 10 odd years of gold production.

And then there is also Mapawa exploration, and Madja, and etc ...
 
NewTrade said:
I am only able to invest whatever amount I choose to invest based on what has been deposited into an account. I don't have that 10K limit anymore that Westpac offered me - though now that I am a little more serious about trading I wish I had it.

That is good to hear about the FTSE; lets hope it has a nice influence here and gets our XAO back in shape :p
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Hi NewTrade

I'm not sure I follow. Do you have a margin loan account or something?

When I opened my commsec account (with no past trading experience) i could buy whatever I wanted with no funds in the account.

I normally place a buy order wait for it to be executed and then transfer funds from a high interest account I have with another bank to settle the trade.

Maybe Westpac is different but I never knew a broker required you to have the funds in the account prior to settlement.

I could understand if you just opened a new acc and wanted to buy a $1m worth. But I would have thought up to $10-20,0000 would have been no problem
 
beatle said:
NewTrade, you may or may not know it but I'm exceedingly bullish RED, and (unfortunately) have been for years. I am very confident that they will be trading at much higher levels than now once in production. BUT there is no share that moves up without some sort of retracement through its journey and therefore you are very wise to only invest in shares with the money you have, not borrowed money IMO. If for any reason there is some bad timing with your investing you will be right in the poo if the borrowed funds can't be repaid on time.

But back to RED. Its clear that all gold equities (and by that I refer to those companies either producing gold or due to produce gold, not plain gold explorers which have a mind of their own!) have not made the same moves upwards based on the colossal move upwards by gold. I'm sure that disconnect relates to the fact that gold's move has got ahead of itself and unlikely to be sustained although obviously with the looming potential for QE3 around the corner plus indecisiveness by the euro community we can enjoy the upward move in gold, but not get full benefits of that in share price appreciation in RED at this time. We still have to be patient for RED to one more thing:
PROVE they can produce gold!

I'm also excited about the possibility that RED will announce some changes in the mine plan in the coming weeks with the prospect of a slight increase in gold resource/reserve plus increased gold production over the 10 odd years of gold production.

And then there is also Mapawa exploration, and Madja, and etc ...
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And then there's management once RED's up and running. Hopefully they'll make the right decisions as RED progresses along the way. How often do you see a good company with great prospects go down the tube? I've been stung badly in the past with the likes of OZ Minerals which i think has a class action against them at present. RED i hope on the other hand will look after their loyal share holders:D
 
investorpaul said:
Hi NewTrade

I'm not sure I follow. Do you have a margin loan account or something?

When I opened my commsec account (with no past trading experience) i could buy whatever I wanted with no funds in the account.

I normally place a buy order wait for it to be executed and then transfer funds from a high interest account I have with another bank to settle the trade.

Maybe Westpac is different but I never knew a broker required you to have the funds in the account prior to settlement.

I could understand if you just opened a new acc and wanted to buy a $1m worth. But I would have thought up to $10-20,0000 would have been no problem
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Yeah I don't have that facility. I am with Belldirect - and am only able to invest amounts I elect by bank deposit. I used to have such a facility with Westpac, but was stopped by Westpac for a couple of reasons I don't want to get into here.

I will be extremely dissapointed if something happens to RED, and it is in the realm of possibility - still I don't know exactly what issues may com about. Lets hope for a nice up trend till November followed by a growth spurt.

Meanwhile, Gold cracks 1900/oz... Wow - Bubble :D

RED Pushing 19c at the moment - US markets ended slightly higher, along with Euro markets, and gold price up. Charts are continuing the uptrend - rather good looking imo.
 
Moit said:
And up she goes !!! Darn it, missed it again.:banghead:
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There is a lot of bying activity today I just saw 19.5c and not back to 19. I suppose it is still a good time to top it - I have already with average entry at 18c. I don't think these little price movements are much considering projections and company prospects.
 
Yeah i agree New Trade, great volume, price of gold hitting new highs. It seems like the big boys are jumping on board. Funny that, the second it starts to move. in they come.

I just hope we can break that previous resistance level of 22.5 c, when the time comes of course. And when it does, Sky's the limit.

Go RED Go !!
 
Moit said:
Yeah i agree New Trade, great volume, price of gold hitting new highs. It seems like the big boys are jumping on board. Funny that, the second it starts to move. in they come.

I just hope we can break that previous resistance level of 22.5 c, when the time comes of course. And when it does, Sky's the limit.

Go RED Go !!
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I'd say there are some big boys in already who are speculating - but it makes sense that others would buy in volumes when the trend looks good. This may be just for short term gains though as the only reason I can see the price jump today is the variables that we saw last night. I wish I had my holdings at least at 16.5 but alas my average is 18.

We have a triple top at the moment which is rather nice for the eye.

I also just noticed, the demand has increased quite severely. 24m buy 8m sell. Volume has already broken the moving average and we are trading well above the MA as well...
 
Skip1jz said:
Does anyone see RED 5 as a potential takeover target for Medusa Mining?
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Hi Skip1jz, and of course you are quite right, that a merging of MML and RED's assets via a takeover of RED by MML makes a lot of sense, from the point of view that MML would become a substantially much bigger company, with considerably enhanced combined gold reserves and gold production. And with MML trading at a substantial premium to its indicated DCF and RED trading at a substantial discount to indicated DCF then MML would get a steal if it were to be on a share for share swap basis (ie not a cash offer).

BUT the short answer is: It won't happen!

Its all about history - the MD (GD) of MML was the Exploration Manager of RED and at the time of the new board of RED being formed he had a falling out with that new board. And history now demonstrates that he has become considerably more successful within MML. I did ask GD some time ago as to whether he would ever contemplate a takeover and its clear he was not interested in the slightest. And yet it would certainly add considerable fundamental value for the long term of MML.

I would add that RED will not be an easy target in a takeover now, as its in the transition stage moving into production and its fate is in the hands of the major insto's who will seek full value for their investment rather than a steal by some middle ranked gold producer - its not really a good fit with the major gold producers such as Newcrest, or overseas majors as the production profile is not within their criteria (they usually require a resource/reserve base of around 5 million ounces to start with!).

The exciting thing about RED is that if it performs as expected then we are also likely to see a substantial premium to DCF NPV, and if along the lines of MML then we are talking multiples of its current market cap (around $243 mill - MML has a market cap of around $1.466 BILLION!).
 
I'm the first to confirm that I have no knowledge of technical trading interpretation aside from saying a share price is trending up, down or sideways. Seems to me there are quite a few technical traders in RED, and there have been comments in the past from these experts as to whether RED is about to fill the gaps etc before the next move up etc. Is there someone out there in cyberland who can pass comment about the current trading situation with RED and outlook for the next couple of weeks (- it will just give me an idea whether I need to consider putting in some research on buying another house, lol).

From a non-technical trader perspective its performing well again today, but the best is yet to come (it could be just around the corner too because I expect an announcement in the next month on the revision of studies on pit optimisation of a lower cutoff grade and associated resource/reserve upgrade).
 
beatle said:
I'm the first to confirm that I have no knowledge of technical trading interpretation aside from saying a share price is trending up, down or sideways. Seems to me there are quite a few technical traders in RED, and there have been comments in the past from these experts as to whether RED is about to fill the gaps etc before the next move up etc. Is there someone out there in cyberland who can pass comment about the current trading situation with RED and outlook for the next couple of weeks (- it will just give me an idea whether I need to consider putting in some research on buying another house, lol).

From a non-technical trader perspective its performing well again today, but the best is yet to come (it could be just around the corner too because I expect an announcement in the next month on the revision of studies on pit optimisation of a lower cutoff grade and associated resource/reserve upgrade).
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I'm no Tech-expert; but I can see it is trending up. I have a feeling it will close today the same as yesterday. No trough has been formed yet.

There is a heck of volume that needs to be filled before we see a natural increase - but if you look at the depth, the demand to buy is just over double that of the demand to sell.

So far things are looking steady, which is a good thing - and RED seems to have survived the market panic of the 5th, and to a lesser extent the 19th without being trudged down a great deal as opposed to some stocks out there which I got stung on.

So far I can gather that becuase of this steadiness, and lack of volatility - the markets eyes are on Gold.
 
What I did forget to mention re technical trading interpretation, I'm not sure if there is a way to establish whether there is someone manipulating the Bids/Offers such that it encourages sellers to sell at below the Offer price by hogging the Offer line - seems to me at the moment someone is soaking up the weaker hands by sitting off the pace until the weak sellers try to get ahead of the lowest Offer price by delivering directly to the Bid price - and that party maybe the one bidding the 4 million odd at 19 cents yesterday who seemed to vanish midway through the days trading. Is it possible that the true buying intent is using the technical trading interpretation to place its buying orders to "con the market (ie the weaker holders in RED)", maybe?

There is no doubt in my mind that those in the know are of the opinion that RED will go a long way up from here and are using these more devious means to build up a stake (or add to an existing holding).
 
beatle said:
What I did forget to mention re technical trading interpretation, I'm not sure if there is a way to establish whether there is someone manipulating the Bids/Offers such that it encourages sellers to sell at below the Offer price by hogging the Offer line - seems to me at the moment someone is soaking up the weaker hands by sitting off the pace until the weak sellers try to get ahead of the lowest Offer price by delivering directly to the Bid price - and that party maybe the one bidding the 4 million odd at 19 cents yesterday who seemed to vanish midway through the days trading. Is it possible that the true buying intent is using the technical trading interpretation to place its buying orders to "con the market (ie the weaker holders in RED)", maybe?

There is no doubt in my mind that those in the know are of the opinion that RED will go a long way up from here and are using these more devious means to build up a stake (or add to an existing holding).
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I don't think there is any price manipulation going on - if you want to see price manipulation go and look at trading history of Red Fork Energy - I watched all day as someone sold into himself to hold the price down - and take panic sells from weaker holders, no doubt to increase holdings as RFE may deliver big shortly, but bigger later.

Still; it is Gold all the way - and my gold holdings look promising for the long term. I am holding RED and IGR at the moment, but most holdings are in RED which I had the pleasure of topping up.
 
Looks like we are going to close out at 19c again. Was hoping for at least 0.195 for the sake of the charts and trend line.

Still, we are trading way above the MA and EMA and volume is just below average.
 
Ouch - two days of equal closes and today a slight drop. There is going to be a momentum change - that much I am certain of. I hope it is not a huge correction and the trend continues up, or at least holds fast to its current level until Nov.
 
NewTrade said:
Ouch - two days of equal closes and today a slight drop. There is going to be a momentum change - that much I am certain of. I hope it is not a huge correction and the trend continues up, or at least holds fast to its current level until Nov.
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nothing wrong with a correction, nothing is worse than a huge spike only to see it fall back to earth, todays depth looks good plenty of buyers @.185 , gold price has steadied hopefully red's first pour will see the gold price @$2 000 per oz...and we can all move the the Bahamas and sipp exotic beer and drink quality coffee......
 
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