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I couldn't help myself today - I took a small parcel at 0.205cps. Sure I averaged down, but my patience is the size of a toothpick....
VAU - Vault Minerals
- Thread starter Uncle Festivus
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LOLZ patience comes with age.
Im just a dinosaur with a tonne of patience.
I might get filled tomorrow at 19.5 and I may not, either way im happy.
This is the price action today which I was talking about at the begining of the week (slowly breaking down the defence to get in a quick hit before it gathers momentum).
My
DYOR
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LOLZ patience comes with age.
Im just a dinosaur with a tonne of patience.
I might get filled tomorrow at 19.5 and I may not, either way im happy.
This is the price action today which I was talking about at the begining of the week (slowly breaking down the defence to get in a quick hit before it gathers momentum).
My
DYOR
I hear ya....
If you look at the daily dancle, 20 cents has been very decent support in a very tight range. There is no breaking down of the SP from what I can see, we rose to a range and have stuck with it for the last 4 or 5 sessions.
Having said that I still do hope you get your order filled as I really don't think this range will last forever nor the 0.195cps either.
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"Lost his Shirt" oops I mean LostMyShirt
I will hold off untill Friday 1PM and then I will consider a top up at 20.5 (the same as my exit ...brokerage fees only as a loss).I see that there is good support at 20.0 to 21.0 but this is out of our hands and in the big boys hands and if they wish to sell it down at a sacrafice of 500,000 shares to take 1M shares at a lower price it will happen.
Just see what happens but im confident of being filled on Friday at 19.5
Thats my call in a nutshell, but im often wrong
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3 Month
1 Month
Not sure if I'm seeing things, but volume to me looks lower in the recent few weeks as I said - especially in the last week or so.
In regards to buying lower, I am somewhat hoping this weekend's EU summit is somewhat of a disappointment, which ends up lowering RED's sp a bit. We'll see.
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"Lost his Shirt" oops I mean LostMyShirt
I see that there is good support at 20.0 to 21.0 but this is out of our hands and in the big boys hands and if they wish to sell it down at a sacrafice of 500,000 shares to take 1M shares at a lower price it will happen.
Just see what happens but im confident of being filled on Friday at 19.5
Thats my call in a nutshell, but im often wrong
Haha Doug that gave me a chuckle
Well, Like I said; I hope you get your order filled in with no problems, and glad you are waiting in line as you are not the only one who wants a parcel at 0.195cps by the looks of things.
Star; I hope the dissapointment that you are hoping for is not too dire, it may very well be priced into the SP once the entire ASX takes a tank :/ I also am worried about the effect to Metals as well...
Thanks Starcraftmazter for going to the trouble. I did mention that I could see a drop in volume the past week but other than that I'm not sure it has fallen off much if at all. But clearly the trading volume is being stalled now with an expectation that RED share price is going to move, seems like the trader-types are expecting to come off, us longer term investors are expecting it to go up, lol. Each to his own. But whatever, I can't see much volume being traded at 19.5 if it gets down to that level, or even at 20.0 cents where its hardly trading at the moment. Maybe an external variable, such as a big drop in gold price or the market tanking could shake a few loose.
I remain my confidence, not sure if its now numbness that I hardly worry about a micro-move down, as its going to surely be momentary if what I expect is going to happen does happen as a result of RED starting to produce gold at low cost.
I remain my confidence, not sure if its now numbness that I hardly worry about a micro-move down, as its going to surely be momentary if what I expect is going to happen does happen as a result of RED starting to produce gold at low cost.
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Doug's about to get his order filled
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Doug's about to get his order filled
The sellers arnt too keen selling into 19.5
Just see how the day pans out
Its easy to get a fill at 20.0 but I will stick it out for the .05 bonus
DYOR
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The sellers arnt too keen selling into 19.5
Just see how the day pans out
Its easy to get a fill at 20.0 but I will stick it out for the .05 bonus
DYOR
Lol no they arn't keen at all - it's only been a single trade at 0.195cps. Give it time though the algo's will hit the on-market sell...
What level is your order at by the way? It's not important, just keen to watch the order get filled.
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Its in a PM to you
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Pre-NR?
Oh-O!
This better be good news lest I break my computer.... LOL! Imagine it's a take-over bid?!? Shares to be bought on market for $1? Hahaha Oh man, a man can dream though - a man can dream
Read the PM, Doug. Watching with keen interest.
Oh-O!
This better be good news lest I break my computer.... LOL! Imagine it's a take-over bid?!? Shares to be bought on market for $1? Hahaha Oh man, a man can dream though - a man can dream
Read the PM, Doug. Watching with keen interest.
Looks like you guys are correct, I eat my words, lol. And LostHisShirt, I agree that the algorithm trading will probably chew slowly into the 19.5 cents, so Doug might get his fill if he's at the front of the queue. And if there is anyone out there panicking due to liquidity issues there might be a bigger chunk be dumped. Those Algorithm chews yesterday did their job - just think about it, until about 30 minutes of trading yesterday all trades had been 20.5 cents, and only the last few very small trades kept it at 20 cents at end of day, with VWAP yesterday of 20.467! And yet it was capable of bringing the trading down today to 20 cents with 650,000 odd shares traded at the outset this morning. Crazy!
Regardless, the slight drop in price is not a major catastrophe when you look the bigger picture. But it sure frustrates the hell out of me, again...
Regardless, the slight drop in price is not a major catastrophe when you look the bigger picture. But it sure frustrates the hell out of me, again...
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"Proposal for Share Consolidation"
Sorry I am unaware of what kind of impact this would have on the price - can someone enlighten me to whether or not this is a good thing
Oh God, everyone's selling out.... What a poor time to announce such a plan! Jesus H Christ!
Sorry I am unaware of what kind of impact this would have on the price - can someone enlighten me to whether or not this is a good thing
Oh God, everyone's selling out.... What a poor time to announce such a plan! Jesus H Christ!
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Thats one way to get the volume up
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It shouldn't have any effect on price. It's just the reverse of a share split.
I was unaware of what share consolidation was. found this.
http://www.martinlee.sg/share-consolidation/
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Whatever it is (I know now what it is), the shareholders are not happy, mass selling!
This announcement of a share consolidation obviously caught me by absolute surprise, as it did the market for RED shares, and maybe not surprising the immediate market reaction was negative, due to a comparison with other consolidations which have tended to impact negatively on share price. BUT there is a danger in assuming that such a consolidation will be negative from a medium term perspective. I suggest you all think very clearly before selling RED shares as a response to this announcement!!!
For background, whilst a share consolidation should not have a negative impact theoretically, as the market cap remains the same and thus in a case where its a 1 for 10 consolidation effectively you should get a 10X uplift in the consolidated share price. However, whilst the market looks upon them negatively, its usually due to the fact that the majority of companies that take on consolidation of share capital are forced to do so to pursue capital raising initiatives subsequent to the consolidation, usually due to lack of capacity to raise shares on a pre-consolidated basis. Usually this is because the company's assets are not capable of performing for whatever reason.
The case for RED is COMPLETELY DIFFERENT. RED does not need to raise funds, it will have around A$17 million cash in its treasury after final development costs, within the next month, and its going into a production phase that is likely to be VERY cash flow positive. Therefore the stigma of a consolidation that is reflective of a struggling company DOES NOT APPLY! With RED its all about trying to remove the penny dreadful image it will have at a time when it is producing considerable cash, and has a considerable number of main stream insto's on board and likely to come on board in the short term. I quote the announcement today: "Directors have noted the benefits of removing an adverse perception in international markets from having a cumbersome capital structure and resultant lower share price and the potential for increased North
American interest from funds who are currently precluded due to share price
threshold constraints".
Thus a consolidation of RED shares is not a big issue from a value point of view.
IN FACT I consider RED is a fantastic bargain at the moment trading at around 18.5 cents, probably the last chance to get the cheap shares before some very significant, and positive, new is due to be announced. Maybe those announcements are due out in the next couple of days!
For background, whilst a share consolidation should not have a negative impact theoretically, as the market cap remains the same and thus in a case where its a 1 for 10 consolidation effectively you should get a 10X uplift in the consolidated share price. However, whilst the market looks upon them negatively, its usually due to the fact that the majority of companies that take on consolidation of share capital are forced to do so to pursue capital raising initiatives subsequent to the consolidation, usually due to lack of capacity to raise shares on a pre-consolidated basis. Usually this is because the company's assets are not capable of performing for whatever reason.
The case for RED is COMPLETELY DIFFERENT. RED does not need to raise funds, it will have around A$17 million cash in its treasury after final development costs, within the next month, and its going into a production phase that is likely to be VERY cash flow positive. Therefore the stigma of a consolidation that is reflective of a struggling company DOES NOT APPLY! With RED its all about trying to remove the penny dreadful image it will have at a time when it is producing considerable cash, and has a considerable number of main stream insto's on board and likely to come on board in the short term. I quote the announcement today: "Directors have noted the benefits of removing an adverse perception in international markets from having a cumbersome capital structure and resultant lower share price and the potential for increased North
American interest from funds who are currently precluded due to share price
threshold constraints".
Thus a consolidation of RED shares is not a big issue from a value point of view.
IN FACT I consider RED is a fantastic bargain at the moment trading at around 18.5 cents, probably the last chance to get the cheap shares before some very significant, and positive, new is due to be announced. Maybe those announcements are due out in the next couple of days!