Australian (ASX) Stock Market Forum

VAU - Vault Minerals

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Beatle I am with you there, no problems for RED at all. Gold has moved down a little, not sure what the dollar is doing right now, but nothing great has changed except for market sentiment in general. This weakenss could continue if the XAO cannot break out above the current trading range 4300's, which is up in the air and helps to explain why there are many small-medium stocks just not seeing the trading volumes that are usual.

Back to RED and I would say to everyone here that has been planning to buy on the lows, put your money where your mouth is!

Further, don't discount the idea that the larger traders are taking advantage of this weakness to sell the price down. Entirely possible and probable, of course time will tell, as at this stage it is quite natural to feel that the price may never recover even 21c and we are possibly facing losses for a long time. HA!

I have topped up and am pleasantly surprised with this development, assuming we don't see 16c of course over the next few days in which case I may have got a bit too excited early on. There is news flow to come, let the gold roll in.

P.S. "it never troubles the wolf how many the sheep may be.."
 
beatle said:
"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".
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That bold section seems to be the only reason this consolidation is taking place, should be an indication of things to come;)

Cheers
 
You guys are making solid points and I would agree with most of them however the looming danger is the drop in the SP which in time should have attracted more buyers, not forcing people to sell.

I have no idea why the mass selling is taking place for a share that is not percieved to be dereasing in intrinsic value however there must be a reason and the reason may or may not be a good one.
 
LostHisShirt, you refer to a reason for the decision for the selling to continue and I have no doubts whatsoever that they are simply selling knowing that for pennydreadfuls share consolidation usually results in capital raisings etc. RED is completely different in its reasons. AND what you must be aware of with RED directors, they have a duty to make the market fully aware of anything that is happening, on a continuous disclosure basis, and what they have informed the market is that gold production is imminent "impending status as a gold producer", its in the announcement today accompanying the consolidation news.

IF the consolidation is not a good thing then remember its up for approval at the AGM by shareholders. AND since the majority of shareholders are insto's that clearly don't want to lose a dollar on their investments I am certain that it will be approved if they see it as a good thing.

One other thing, I firmly believe its positive and since the announcement have put in an order to Buy shares which has been filled. So I have put my money where my mouth is!
 
I was hoping for a T/O bid :(

Would't it be nice if they bought each share for a buck? I'd go to Mindanao and kiss the plant equipment. hahahaha
 
LostMyShirt said:
I was hoping for a T/O bid :(

Would't it be nice if they bought each share for a buck? I'd go to Mindanao and kiss the plant equipment. hahahaha
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As long as it was a buck PRE-consolidation, lol!

I do realise though that for traders its not so good because most don't want to hang around while the consolidation takes time.

By the way I wouldn't mind betting we get an announcement tomorrow announcing the AGM and the Resolution accompanying that re the Consolidation. What's so relevant about that - well I think its because they want to get this admin paperwork out of the way before they start putting out more relevant (and positive statements) in the coming week, remembering we are due to get the quarterly within the next week (I can't see them waiting til Monday 31 October) and they will want to put out other announcements such as the new ore reserve and production schedule, and hopefully the commencement of wet commissioning separate to the quarterly.
 
Well I also put my money where my mouth is and almost doubled my holding this afternoon at .185 which I consider to be at a very cheap price compared to what could be to come out with the quarterly announcement due out soon as well as there first gold poor within a month.

I am not as bullish on this stock as a lot of other people clearly are but I do see a massive potential and do not believe the sp will stay sub .20 for much longer.
 
Well in either case I am holding and waiting to average down in the stock. I did say I had a position being held and was not mking any intention on another purchase but a this price who could blame me? I did also make a purchase yesterday at 0.205cps thinking that the price would not breakout of support, but the ann was unforseen - real kick in the teeth; still can make some good from it though since most of us here are long termers and not traders (for this stock anyway).

Looking forward to new Ann's and Pour in Nov'.

Also, beatle - My T/O bid daydream was at the current level of issued shares, so if it were post-consolidation then a T/O at $10 would be great!!! Hahaha
 
LostMyShirt said:
but the ann was unforseen - real kick in the teeth
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TBH I am unclear on why the announcement today has had such a mass selling for shareholders, I am all for RED's share consolidation as the company has gone up a level to now being a gold producer, not just a penny exploration stock
 
RED will recover quickly I feel (this wasnt a bad announcement just misunderstood with what could be happening behind the scenes)
VK Director , do you really have a VK Director? I do :)
 
Bought in today @ 0.185. Now with parcels 0.165 0.17 0.185. They better have a gold pour early November!!

Sold out of GNS at a healthy profit and unloaded all into RED :)
 
Hey I have no idea why it caused a sell down either - I can't put my finger on it for the following reasons;

- The shares are worth the exact same amount before and after consolidation respective to the trades.

- The company has not announced anything dire - in fact it is trying to gain international interest.

- Comissioning was unmentioned and can be safely assumed that timeframes are progressing on target and there will be no hinderence to the companies prospects and goals.

No change in fundamentals, no change in SP worth, no dire news. Perhaps the others were right in saying that the Ann was just bad news for the short termers. Envy to the shorters! hehehehe
 
Ive spent the last hour going over todays action and without any real reason for todays drop (panic) I can only assume it was forced by bigger and better than me.
In saying this there was a high percentage of companies in my wachlist that had a bad day as well.
I think that tomorrow will see a reversal back to 20.0 or there abouts
My:2twocents
Enjoy the evening (im still at work for 4 hrs yet...the joys of self employment Hahahaha)
DYOR
 
Dougs Antiques said:
Ive spent the last hour going over todays action and without any real reason for todays drop (panic) I can only assume it was forced by bigger and better than me.
In saying this there was a high percentage of companies in my wachlist that had a bad day as well.
I think that tomorrow will see a reversal back to 20.0 or there abouts
My:2twocents
Enjoy the evening (im still at work for 4 hrs yet...the joys of self employment Hahahaha)
DYOR
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Doug; The reason (I assume) for the all round bad day on the rest of your stocks was mainly to do wiht the XAO feeling the heat. RED felt it to, but only enough to burn a half cent from its price. In actual fact the cause of this rather large drop which outdone the ATR was post Ann.

A reversal to 20cps would be welcome as I can see many traders took a piece at todays bargain basement price.

Nothing like self employment mate - all the best.
 
LostMyShirt said:
Hey I have no idea why it caused a sell down either - I can't put my finger on it for the following reasons;

- The shares are worth the exact same amount before and after consolidation respective to the trades.

- The company has not announced anything dire - in fact it is trying to gain international interest.

- Comissioning was unmentioned and can be safely assumed that timeframes are progressing on target and there will be no hinderence to the companies prospects and goals.

No change in fundamentals, no change in SP worth, no dire news. Perhaps the others were right in saying that the Ann was just bad news for the short termers. Envy to the shorters! hehehehe
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Lots of traders/investors dont like consolidation because it will wont be as "appealing" to short term traders if and when a big announcement comes out.

I.e. a lot of traders focus on stocks under $1 because they tend to be more volatile.
 
LostMyShirt said:
Doug; The reason (I assume) for the all round bad day on the rest of your stocks was mainly to do wiht the XAO feeling the heat. RED felt it to, but only enough to burn a half cent from its price. In actual fact the cause of this rather large drop which outdone the ATR was post Ann.

A reversal to 20cps would be welcome as I can see many traders took a piece at todays bargain basement price.

Nothing like self employment mate - all the best.
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Before the announcement RED was trading at 19.5 with only 10000 units sold at that price the XAO may have possibly seen anothe .05 come off.
So looking at it in this light the announcement saw an additional .05 to 1.0 which ended up being the trading range.
Anyhow tomorrow is another day in the life of a trader and im confident of a green day.
Just see what happens over the weekend with the EU Summit for Monday.
 
IMHO "consolidation" is nothing but expensive buggering about.
Lots of fees for lots of mates.
Nothing like a strong dividend to buck up the share price.
I will be voting "no"
 
Wouldn't be concerned. You should have waited and topped up at these prices lostmyshirt.

All my gold stocks down today. Think this one will fluctuate between the 18's for 21's for a while till the gold starts pouring. Give or take a few $0.05's.

I would prefer a VB HDT or a VN Group A SS...:2twocents
 
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