This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

VAU - Vault Minerals

Jump to new
Don't know much about Red, but to me gold pour is a great sentimnetal milestone but not exactly an announcement that should excite the share price... and if it does it would be small retail holders jumping in.

Unless of course the market was previously pricing a discount to them achieving gold pour... but that doesn't reflect very positively on the management, does it?

All gold stocks were nicely smashed in Dec so chin up if you believe in gold/Red (for good reasons I hope), and reassess your position if you had no idea one way or another.

Merry Xmas.
 
Hi Moit, yes sadly I agree with you, seems we are not going to hear from RED before Christmas, and thus its anyone's guess when that will be. Clearly there are continuing (hopefully minor in an overall context!) issues holding back that first gold bar, and I wonder if they will get it before the end of this year 2011.

I won't vent my frustration any more than that, other than to say the last few weeks have been very disappointing, not just the holdups with that first of many gold bars we expect, but just as much with the lack of news to the shareholders who own RED!!!

I wish you all a Merry Christmas, and let's hope that we all can celebrate the period between Christmas and New Year with a gold bar!
 
Just as I posted that last commentary I see one piece of good news, that Matthews is now down below 5%! OF course we still have to sit out their final selling down of the residual amounts, but its good that Matthews, who has shown himself to be a real thorn in our share price in recent times, is getting closer to having no impact on RED's share price.
 

Strange that you see the total sell off from a major share holder as positive,
Mathews is a fool then for selling?

So the smart hold and the fools sell!
 
tech/a said:
Strange that you see the total sell off from a major share holder as positive,
Mathews is a fool then for selling?

So the smart hold and the fools sell!
Click to expand...

Its good to see you said it, and agree with me Tech/a, that the fools sell!

Lol.
 
Moit said:
Anyhow just another frustrating day as a RED shareholder. Maybe in the new year things will start to improve.
Click to expand...

Hopefully you are right Moit. I am long at 1.75 and I am using the chart below as a plan view on the current situation.
A move below 1.75 is obviously a negative direction and below 1.70 all bets are off.
Above 1.85 is pointing in the right direction and a close above 1.90 should be confirmation of the trend direction.
(click to expand)
 

Attachments

  • RED 231211.png
    25.2 KB · Views: 12
tech/a said:
Boggo
I'm thinking ABC correction ( for starters ) $1.50
Click to expand...

Yes, likely to correct to around 1.44.
Really needs to be back above 2.10 before the possibility of sub 1.50 "C" is ruled out.
I have 6c at risk if my stop gets hit.
 
Boggo said:
Looks like all bets are off and next target is where we are heading.
Click to expand...

I think that there is room for a buy @ $1.50's on current action and announcements.
ATM im on the side line.
RED is currently oversold and worth a punt but I will err on caution and wait some more.
Regards
 
Dougs Antiques said:
ATM im on the side line.
Click to expand...

Me too as of this morning when my stop got hit.

This sort of news won't help in the short term but can be helpful in creating a nice re-entry by helping it to target levels.
 

Attachments

  • RED News 281211.png
    29.1 KB · Views: 79
Hi All RED followers, I hope you all had a good Christmas, perhaps like me your mind has been away from the markets and its a shame to get back to see that RED has at last updated all with the latest news. And that news remains fairly negative from the commissioning point of view.

As RED has noted, the process is now all about trying to resolve materials handling issues, particularly at the front end of the plant, especially transfer points. It is critically important that they can get on top of this issue to ensure that throughput around design can be achieved. Thus not pouring the first gold now is secondary, its all about sorting out the material throughput, as this will ensure operating costs per unit of production is achieved as forecast. If thy can't sort this out to design then operating costs per unit will increase, but by how much depends entirely on how close to design production rate they can achieve. At least its certain that using the puggy low grade stockpile as feed will ensure that they can only improve throughput once they get onto treating ROM ore from the pit.

I suggest that whilst this is having a negative impact on price, once they overcome this issue the price should whip back up as the other elements of the plant are certainly capable of coping with the softness of the ore, AND there is likely to be very low wear rates on the plant.

It is certainly an opportunity, once the price steadies at some lower level, to get more if you were not completely full. Once the production comes online I have a feeling it will rush back up, and even though I do have a lot I will be trying to bottom pick for a few more!
 


As expected.
Could become very expensive.(to you beatle).
Watching with interest
 
quote of what i posted on another forum today "this is a buying oppotunity, surely no one thought the plant would be bolted together then hit the on button and away it goe's???" todays sell of was a combination of the ann and a drop below $1600 gold price....buy the oppotunity......
 

I still think that there will be a better buying oportunity below todays $1.64 I will be waiting for sub $1.60 actually mid $1.50's
 

That's what they were saying about Telstra when it was dropping through $6.
It's a risky approach if you just apply that mentality on its own, bordering on black vs red, can be lucrative if you get it right, but... etc.
 
Dougs Antiques said:
I still think that there will be a better buying oportunity below todays $1.64 I will be waiting for sub $1.60 actually mid $1.50's
Click to expand...

i agree i have a small sqare up order in at the $1.50's i also note there is a 100k order in @$1.555, every time red hits these prices it bounces up strongly, tomorrows sp action will depend on what gold dose tonight.....
 
You must log in or register to reply here.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...