Australian (ASX) Stock Market Forum

VAU - Vault Minerals

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fastbuck1 said:
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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Lol - I don't have that many holdings to go to the Bahamas :p Maybe a trip to the beach is good enough for me :p
 
Eh NewTrade, seems you ride the RED horse daily like I do, but from a different perspective - i look at it from a longer term point of view knowing that despite the short term cycles the fundamental value of RED with Siana is at least double what it is trading at now so that keeps my strong when RED is dropping. With you seems you are looking at it with a shorter and technical perspective in mind. That is obviously a way to trade successfully and so I'm not knocking that at all, but I would suggest to you that it may not be an easy way to trade RED as I remain of the view that we won't get full value until the first gold is poured regardless of what the gold price is at that time. And as each day gets closer to that time I am getting more excited - of course it doesn't stop me from getting frustrated too, and whingeing about it from time to time (after all I am only a mere human, sorry beatle, lol).
 
beatle said:
Eh NewTrade, seems you ride the RED horse daily like I do, but from a different perspective - i look at it from a longer term point of view knowing that despite the short term cycles the fundamental value of RED with Siana is at least double what it is trading at now so that keeps my strong when RED is dropping. With you seems you are looking at it with a shorter and technical perspective in mind. That is obviously a way to trade successfully and so I'm not knocking that at all, but I would suggest to you that it may not be an easy way to trade RED as I remain of the view that we won't get full value until the first gold is poured regardless of what the gold price is at that time. And as each day gets closer to that time I am getting more excited - of course it doesn't stop me from getting frustrated too, and whingeing about it from time to time (after all I am only a mere human, sorry beatle, lol).
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Yes you do have a point here - I do comment on the Technicals quite heavily. And I do agree - this is not a stock that, at the moment, can be determined by a Technical analysis. This is a long term growth stock, and I understand that fully.

Still - I watch daily activity quite a bit, and hope for a price push pre-November. Why? Because I believe that the price will jump before the pour. At the moment demand is high, almost double that of the sellers - which leads me to believe that the closer to the pour we get, the more desperate the buyers will become. So we should see a jump right before the pour, then a re-evaluation, then another jump.

At the moment these buyers, I believe, are wanting to get the cheapest possible entry for maximum profits. Though, the more news the better - and these buyers will accept slightly higher entrys. That is good news to all that are already holding.
 
beatle said:
Eh NewTrade, seems you ride the RED horse daily like I do, but from a different perspective - i look at it from a longer term point of view knowing that despite the short term cycles the fundamental value of RED with Siana is at least double what it is trading at now so that keeps my strong when RED is dropping. With you seems you are looking at it with a shorter and technical perspective in mind. That is obviously a way to trade successfully and so I'm not knocking that at all, but I would suggest to you that it may not be an easy way to trade RED as I remain of the view that we won't get full value until the first gold is poured regardless of what the gold price is at that time. And as each day gets closer to that time I am getting more excited - of course it doesn't stop me from getting frustrated too, and whingeing about it from time to time (after all I am only a mere human, sorry beatle, lol).
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I'm with you on RED beatle but you have to remember that there's quite a few stocks out there that are trading well under half their true value. The difference is that the ones i'm looking at aren't gold stocks and wont be moving anywhere too soon unless theres a take over bid. Red on the other hand is a gold stock and unlike other gold stocks is under valued with plenty of ticks in the boxes. RED is worth holding under current conditions. After Bernakies speach tonight i'd guess there'd be rebound on gold.
 
jancha said:
I'm with you on RED beatle but you have to remember that there's quite a few stocks out there that are trading well under half their true value. The difference is that the ones i'm looking at aren't gold stocks and wont be moving anywhere too soon unless theres a take over bid. Red on the other hand is a gold stock and unlike other gold stocks is under valued with plenty of ticks in the boxes. RED is worth holding under current conditions. After Bernakies speach tonight i'd guess there'd be rebound on gold.
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It really depends about Bernanke. The market could sway either way - but gold could maintain a good price regardless of the result tonight.

In regards to take-over; it is a possibility. However I don't know if it will be allowed by RED unless there is a huge incentive. Consider RED has a working machine, land, de-watered pit and workers PAID with an approximate 20m surplus!

Things are looking great. And who knows, perhaps after a year or so of production we could see a much larger outcome in SP than 30c+, we may see the company get a generous evaluation.

(Dear God - please make RED shares worth a dollar each)
 
NewTrade said:
It really depends about Bernanke. The market could sway either way - but gold could maintain a good price regardless of the result tonight.

In regards to take-over; it is a possibility. However I don't know if it will be allowed by RED unless there is a huge incentive. Consider RED has a working machine, land, de-watered pit and workers PAID with an approximate 20m surplus!

Things are looking great. And who knows, perhaps after a year or so of production we could see a much larger outcome in SP than 30c+, we may see the company get a generous evaluation.

(Dear God - please make RED shares worth a dollar each)
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In regards to T/O bids? You didn't read the post correctly. I was refering to the other companies share price not doing anything under current market conditions unless a T/O. Nothing about RED being taken over as i cant see that happening.

Gold up 3% last night heading back to where it was. They say that if there's a bull run a commodity as with gold if there isn't any healthy corrections long the way it has the potential to collapse very quickly. Gold looking pretty good atm.

My only worry is if there's a sell off on gold from countries like Greece & Portugal who between them have 500 tons of gold. Is that a possibility? They would get a fair price for it now and be debt free. Dont no much about this so others opinions on this would be good.
 
jancha said:
In regards to T/O bids? You didn't read the post correctly. I was refering to the other companies share price not doing anything under current market conditions unless a T/O. Nothing about RED being taken over as i cant see that happening.

Gold up 3% last night heading back to where it was. They say that if there's a bull run a commodity as with gold if there isn't any healthy corrections long the way it has the potential to collapse very quickly. Gold looking pretty good atm.

My only worry is if there's a sell off on gold from countries like Greece & Portugal who between them have 500 tons of gold. Is that a possibility? They would get a fair price for it now and be debt free. Dont no much about this so others opinions on this would be good.
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Oops, sorry - I mis-interperated your post in regards to the T/O; my apologies.

Yes Gold is up following Bernanke's speech last night - I woke up this morning to find t sitting at 1827/oz. I have not done any no read any compelling analysis to support a collapse, however it is a possibility - I don't think we have seen a new support level for Gold Price - no way. But what will it drop to? I think if it maintains 1600+/oz, that is great news for RED.

Have you read Bell Potters report on RED? Aparently the "big bux" will derive out of 2014 when their operating costs are drawfed by its production income. Imo - great long term holding oppertunity if all is smooth.

I feel lucky, personally. Since the pour was actually schedualed for July, but rain hindered the operations, it gave me time to jump in at a reasonable entry. And I can't help but wonder, what the SP will become in 2014 - perhaps it will be juicy enough to sell for some big bucks.
 
Wow- Today is a good day for the ASX and for RED.

Gold maintains 1800+/oz, RED breached the 20c point - demand GREATLY exceeds the buy demand, there are almost 5 times more buy orders than sell orders.

Looking quite good today as we drive closer to Nov', though now I wish I had more cash!!!
 
fantastic demand & I am again happy to see 20c. Baker Steel notice seems like a small change and they had plenty off opportunity at well below the sub 17c they scored - watch this space things are afoot that we may not know about, or perhaps they will be moping up the rest of the stale holders up unitl Novem
 
Dougs Antiques said:
Ive been watching RED for the last 12 months and I havent seen anything that really has made me think that I should buy in.
There reports are few and far between (Intrest needs regular posative reports), to be honest it is trading at about the same as 12 months ago with the odd bounce to 20 or so cents and looking like being interesting ,then to see it receed back to 17 or so cents.
To be honest RED needs to break 21 cents before most will even look at it.
In saying this I hope it does and I will jump on the train.
It does seem to be holding up through recent downtrends but the question is how long can it hold up for?
Early this coming week will be a test.
A break of 21 cents and I will consider RED but not before.
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Today was a good day for RED and if it continues up tomorrow I might have to take a position on this one.
ATM its looking the goods
Good luck to all holders
 
Hi all RED club members. Hi again Doug.

I really hope you can join this tight nit family we have on Aussie stock, lol. Things are certainly looking impressive from a chartist point of view. Not that i am one, but the signs are obvious. We are on a major uptrend. And i cant see it turning any time soon.

Can we,are we going to break this 22.5 cent barrier in coming days. I think we can.. Can RED management pleeeaaase put out an announcement soon. Re, drill results, lower cut off grades- more reserves, commissioning date, Siana construction update. Something... to keep this momentum flowing. Everyone knows what is happening and what is about to happen, but can they do it. I think this stock is being monitored very closely by every day traders, instos, and the mum and dad investors like most of us.
Is there something in the pipeline??

I'm still waiting to jump in, and top up. It may be the deep end, but i will still pay top dollar as i know where this stock is heading... UP !!!

Does anyone have a crystal ball ?? A.B. Have you checked the bottom of your wine glass lately. Can you see anything ? lol.

Cheers Moit, Go RED Go !!:rolleyes:
 
Hi Moit thanks for the warm welcome.
Well im in at 19.5 @ 208,000 this morning but its sad to say that I will be out at .20 at this stage.
 
It's interesting to see MML is currently valued at 1.4 bill on annual prduction of 100,000 oz. No reason we can't see red re-rated at 4x current cap in a few years if all goes well with the plant and the world doesn't suddenly wake up to the fact that as a metal gold is a bit, well useless :)
 
Hi Moit and all,
Thanks for asking what I can see in the bottom of the "old "red sediment lol! Interesting action coming up according to the sediment. Looks like it might be in the drilling results as they look to further drill out. Spotted GE in Sydney a couple of weeks ago, and he seemed to have a "gold glint" in his eyes imo. Beatle is on the money according to the sediment as news of a rejig of the mine plan is also due. Seems there are approximately 1400 workers on site at Siana so it must be a beehive of activity. GE says the facilities, plant and processing will be world class and best practice. Thinking about a quick trip to site before the gold pour to witness all this activity. Exciting stuff, backed up by the further accumulation by Baker Steel. AB:cool:
 
It was an easy trade:) then bought 98000 AFR straight away got filled at a 2.5% profit within 1 minute lolz
Now im at 100% cash again waiting for the next one that takes my fancy
 
On the candle stick chart RED looks like it's just about ready to go the next level and go past 21c even tho the volume is fairly low.
I'm no chartist but if there are any around i certainly would appreciate their point of view.:)
 
jancha said:
On the candle stick chart RED looks like it's just about ready to go the next level and go past 21c even tho the volume is fairly low.
I'm no chartist but if there are any around i certainly would appreciate their point of view.:)
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RED seems to be tightly held from 19.5 to 20 cents with low volume (no-one really selling off under this price) without a significant rise in price will indicate the buyers are not prepared to pay more than 20 cents.
If it makes a 2 or 3 tick increase on low volume then it will indicate that the buyers think that is worth more than its current price and I will jump in with the others that think the same.
Does my jibberish make any sence (cents)
:2twocents
 
Mathews have dropped 123m shares, now with 8.16%
The period covered is a long one and no list of transactions provided to give further clues.
Anderbond and others - any whispers from the jungle drums in the sydney financial district?

Intriguing that its sent just when the 21c resistance is again being re-tested - perhaps in an effort to dampen sentiment to hold it back?

I also note that their holding is very similar to the new Baker Steel provide a mere 2 days ago, and while RED has enjoyed the same rush of other goldies I still constantly wonder on RED's attraction as a t/o target and what game plans are afoot by big holders.
 
Hi All RED followers, and some interesting comments from new posters, the more the merrier!

Yes Mgm1a, its an interesting announcement today re Matthews, apparently having dropped a mere hundred odd million shares over the past 6 months or so. Its amazing that such a time-delayed release could possibly occur unless there is something "different" about the transactions etc, I get the feeling it might be a legal issue as to how a holding is interpreted by ASIC. Although I'm not sure how exactly the actual trading has occurred I wouldn't mind betting it goes some way to explaining the strange trading that we see with RED at times - and it also makes me wonder how at times the share trading might be masking the chartists interpretation of the stock (just to throw a wobbly into the charts lol!). But its a pretty good looking chart at present I would say (its going UP lol). I guess we are at the tipping edge into new territory but knowing the stage of the development I'm betting the house that its going to push higher in the coming month unless the gold price crashes!!!

I don't have any issue with Matthews selling down, if in fact they have, as they held too many shares for my liking, and its probably been the reason the share price suffered as they sold down in the past months - thus its a good news story that they can't influence the stock price as much although their current holding remains considerable. I note also that Matthews "personal" account, lol, of 20,000 shares is an increase from zero, does that mean he remains confident about RED to the extent of buying an entire 20,000 shares, lol?

I believe that RED, now tipped as a Buy with a target of 46 cents (Evans) or 36 cents (Belldirect) take your pick, is moving into the transition as it moves ever closer to production.

AB I look forward to catching up with you at the mine opening, and sharing a RED or two.

I hope for his sake Fastbuck has revised his target upwards otherwise we may have seen the last of our great old posting mate now that its hit 20 cents!
 
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