Australian (ASX) Stock Market Forum

VAU - Vault Minerals

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tiny volume, few trades...obviously the insto volume gone to dust - their bots probably weren't programmed with the new code!...interesting to see the "true" trades for a stock.
 
beatle said:
Hi All, and I'm most thankful for your kind words Moit, Buckfont, Hugh_Jarz. Actually I do it now as I enjoy keeping in touch with you all, and it keeps an old man feeling involved! As for the headache Moit, I had a couple of drinks during the day and it obviously got the better of me (I don't drink much more than the odd RED these days!).

As for your holding ChrisJH, your holding is 1/10 th of what you had, ie if you bought 50,000 shares then you will hold 5,000 shares as of tomorrow (the first day of trading on a consolidated price). And your buy price is therefore the total cost divided by the number of shares you hold post-consolidation, ie if you bought solely at 21 cents then your buy-in price is $2.10 per consolidated share.

I will be looking at the next few trading days with interest, from the point of view of:
1. How will the market act initially;
2. How long will it take for RED management to put out some positive news (I recall some years ago they were very energetic with the news when they sought a rather large capital raising - or is it the cynic in me, lol!);
3. How long will it take before the substantial holders take the shares back up to the share price it last traded at pre-consolidation, ie since it closed at 20.5 cents today assumedly it will fall slightly below that converted to $2.05. Will it trade appreciably below that in the first few days and will it be taken up to that level of $2.05 soon due to insto's involvement or take a news release to get it back up there!

I am thinking of buying a few more in the coming days if it comes off a bit as I am damn sure it won't be down at this level for long! Its even a good trading position if it goes below the $2.00 level IMO as for sure there will be news maybe as soon as Mon or Tues next week of the first gravity pour, and within a week or so later news of the first CIL pour. Thus I'm going to be watching it like a hawke!

From your sign-off Hugh_Jarz I get a feeling you have bailed out completely, is that correct? Maybe you are waiting for a slight dip to get back in if you are out as of now? What's your view?
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Correct Beatle...just lost interest, and was also offered an opportunity elsewhere which I was happy to accept. It doesn't mean that I don't find RED an attractive proposition, just that I see better value elsewhere. As you know, I've been involved with RED for quite some time so it was a bit of a wrench to bite the bullet and sell but my ongoing reservations about the quality of management were the clincher for me, together with the rumblings in the background, (conveniently pooh-poohed by Greg!) of local disenchantment. That's not to say I won't get back into the stock at some point, but, you know as well as I that had we said 2 years ago that by December 2011, the gold price would be close to $US1800 and that the first gold pour was imminent, we both would have been expecting a price closer to 50c than 20c, (or $5 and $2 in the brave new world)... it has just been a continual disappointment for me, and it was time to let go and get a life! The actual size of the project, without new reserves, doesn't really grab the attention of bigger players so I struggle to picture any acquisition scenario. Whatever, I hope it goes to $10, post consolidation, for your sake alone, as you have been an extremely loyal supporter. I just wish the board had been as loyal to its longstanding shareholders, as you have been to them!! Good luck old feller and also to the other RED followers.
 
Hi All, great to see RED move up today, but even more excited to see, when it finally comes, that RED has poured its first small gold bar! I hope its in the next couple of days, even though I can't see it being a big bar since they have been processing only low grade ore from past Suricon mining days long gone by!

Many thanks to Hugh_Jarz and lets hope you can see a reason to get back into RED once its promotions group picks up the pace.

The commentary about liquidity may not be all about the consolidation, even though I am sure some holders don't want to go through the trouble of arranging to have their holdings made available as REDDA - but there maybe some waiting on the sidelines wanting to hear of some project achievements rather than making a decision to either buy or sell.

The gold price is also helping things along at the moment, but independently I can see why RED should be able to command increased market attention soon once the gold production starts flowing.
 
Hi, all RED members.
I figured out how to sell and buy easily REDDA.
I am using E*TRADA platform by Stgeorge.
You just need to find REDDA security through qoute and then just click buy/sell enter REDDA code and # of shares. This way you sell or buy RED shares.
No need to mess with your trader or whatsever.
 
Thanks beatle for you constant updates and information about the stock. I was just wondering if you knew if there was going to be another official valuation of the stock done at some point ?
 
Sapling said:
Hi all

Have noticed my comsec web site indicates an ann. has been made but will not allow me access. Anyone know details
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Hi Sapling, its been a couple of hours since you posted that, I haven't seen any news re RED at various sites.

Jah008, when you refer to an official valuation done, I presume you mean a broker valuation, or are you referring to something else? As you probably are aware, RED is on the watch list of a few retail brokers, such as HTML Wilson, Evans and Partners, BellDirect, and they put out updates from time to time. On the institutional side we have Petra Securities (more related to Australian based instos) and Casimir Capital (more related to overseas instos) who also put out valuation updates.

Naturally its disappointing at the moment that RED doesn't go out so actively to work the retail market more vigorously, which would bring in a lot more retail brokers putting out research reports.

But my thought is that since RED has three big events happening in the next couple of months, ie first gold, followed by a ramped up gold production, and an update to the ore reserve base, each of these will have a profound impact on valuations for Siana and RED's share price. Thus any new updates due out before those events coming to pass in the coming month will be less credible and subject to fairly significant updating once these unknowns of first gold production and the ramp up schedule, and ore reserves updates are announced.
 
Form 605 Ceasing to bee a substantial shareholder BOA
http://www.asx.com.au/asxpdf/20111128/pdf/422whttjs850k8.pdf

Change in Directors Interest
http://www.asx.com.au/asxpdf/20111129/pdf/422xk16rv44wym.pdf

While it can be confusing finding these announcements through Etrade/Comsec etc you can always refer to ASX.com under code "redda"

http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=RED

or alternatively the announcements are posted on the red website

http://www.red5limited.com

Hmm one day left to pour the gold, would be nice to get an announcement tomorrow :)
 
Hmm one day left to pour the gold, would be nice to get an announcement tomorrow
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Nothing is going to happen.
At best price will do nothing
At worst It will drop.

As I've said before I'd be surprised if initial production hasn't been factored into price.
Charts certainly not showing an influx of punters expecting quick gains in he coming weeks
 
tech/a said:
Nothing is going to happen.
At best price will do nothing
At worst It will drop.

As I've said before I'd be surprised if initial production hasn't been factored into price.
Charts certainly not showing an influx of punters expecting quick gains in he coming weeks
Click to expand...

I have to agree with you Tech, i don't expect any major price movement on pour, but it is a milestone and an indication for the long term holders that there is progress and cash flow should be around the corner. The price will only move once its established that gold can be produced at forecast cost and to schedule, or through positive drill results.
 
snsdmonkey said:
Hating the price movements at the moment. Consolidation has done nothing for the liquidity at all.
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Mate, I would wait until it's finalised, putting in orders on this is not as trivial through the consolidation...I even had to ring my broker today.

Speaking of which, I sold at 2.15 today - pretty damn happy, another little profit. Will be looking to re-enter at lower sp - but I can honestly say it's impossible to judge the stock as it's trading now, there is so little liquidity compared to even the lowest we've had for a month. Need to wait until after the consolidation is fully through (and probably 3 days after that) until we can see what it will really trade like.


karky003 said:
Change in Directors Interest
http://www.asx.com.au/asxpdf/20111129/pdf/422xk16rv44wym.pdf
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This one is actually nothing, it's just to do with the share consolidation in the holdings of someone's spouse - no shares bought or sold.
 
tech/a said:
Nothing is going to happen.
At best price will do nothing
At worst It will drop.

As I've said before I'd be surprised if initial production hasn't been factored into price.
Charts certainly not showing an influx of punters expecting quick gains in he coming weeks
Click to expand...

I presume you refer to the price in your opinion doing nothing Tech/a, rather than actual things happening onsite at Siana. If they produce a small bar of gold at the start and the price does nothing, its still "the small step for man, a giant leap for mankind" sort of activity, that is more relevant for me as a knowledgeable shareholder of RED.

At this stage of Siana's development, every small move forward gives confidence that Siana is working as a gold recovery plant. Thus whilst its not the big statement that hopefully RED will produce about 1.5 tonnes of gold this current financial year at a whopping profit, its the fact that the operation is moving inline with expectations at this early stage.

The first small bar of gold might be a bit too subtle for some posting here, and maybe its not relevant for those who have no interest to either hold any shares or seek to buy any. Each to his own I guess!
 
tech/a said:
Nothing is going to happen.
At best price will do nothing
At worst It will drop.

As I've said before I'd be surprised if initial production hasn't been factored into price.
Charts certainly not showing an influx of punters expecting quick gains in he coming weeks
Click to expand...

But wouldn't you think the risk of a delay in the gold pour would be factored in?

At best, price may rise 5-15% imo.

At worse, price may drop by same token, maybe further.
 
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