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VAU - Vault Minerals

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fwpike said:
Some of you folks are a bit hard on Beatle methinks. He is putting his money where his mouth is it seems. His posts are matter of fact to my reading. Risk/reward ratios are a personal choice. No guts no glory.
IMHO RED has very great "sovereign risk" (does that that term includes Muslim terrorists? I will assume so) as well as physical isolation and extreme weather. So its risky. Risk deters people.
No extra gold is mined by management making "announcements". You guys just want to be entertained.
Once again IMHO once RED is banking money, then "charting" ,(and personal hopes and aspirations), will be overwhelmed by P/E. If the figures provided are correct then those earnings should be quite strong quite soon.
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All minor risks in my opinion.

Weather and rain now have contingency in place to make sure the pit does not flood - then again Maybe is a TSUNAMI HIT?!

Muslim Terrorists? No - NPA = Communist militants.

"isolation"? It is quite nice that they are over there. Bringing the product over here is no big deal, but considering the 5 year tax free break they have, as well as being IMMUNE to carbon tax and the like - I think their location is A1.

Their community is quite happy with there presence, and there does not seem to be any retaliation or notice taken by the NPA militants. Weather is not a big issue unless there is a freak storm, in which case contingencies put in place for the pit will serve their purpose.
 
tech/a said:
Your kidding me!!

Just point out the impressive bit about these guys performance?
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Yes, more of the same problem, the 'investors' who believe in Gus etc also believe that because an organisation is big then they must be good. I bet that none of the management salaries are in negative figures and their commissions etc would definitely be in the green.

Gold Munster said:
So I guess getting a mine start is harder than us lay-people think...
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That may be an issue GM but the same obviously applies to all startups.
The problem I have with all of these is that the management seem to get their hopes about a year ahead of reality and then the sheep all follow blindly along with their handfull of dollars.

If these ventures are going to be as good as everyone says they are then just be patient and wait, there will be room for everyone. You may not get in at the bottom but you eliminate or at least significantly reduce the RISK.

Why put yourself in a situation where you are sharing the weight of every problem that is encountered, and for what, just so you can say I told you so or so you can bombard a stock thread with the discussions on the density of poggy and then hope that you will be seen as a hero if it comes off !
 
tech/a said:
Ill bet there are clear technical buy signals.

As For RED.
I'm opting for the Blue option.

View attachment 45710

Thats right $1.20
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Back to the drawing board or more specifically charts.
Not having a go at you Tech but whats the market telling you now with RED. Has your charting methods changed view on your previous sp of REDs $1.20c from yesterday?
 
jancha said:
Not having a go at you Tech but whats the market telling you now with RED. Has your charting methods changed view on your previous sp of REDs $1.20c from yesterday?
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At a guess I would doubt it, its still in negative territory below 19.5 cents ($1.95).
This speccy has three hurdles to overcome before it even gets out of mug punter territory and resumes an uptrend.
It can't even make past the first one of those hurdles with today's news so I reckon that management may have to do a better job of inspiring their religious like followers.

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The analysis alters if $1.85 is breached and holds.
Other than that.
A trade taken on the spike low is valid with a stop at the low of that bar.
If the low is taken out then the $ 1.20 level is likely.

If your long from the spike bar-- no panic
If you don't have a position I'd be waiting to either see the spike low tested
Or $1.85 hold
If your a buy and hold investor and currently hold at a buy price lower than $ 1.44
Then your not concerned.
If not you should be protecting loss and minimizing any future loss.
 
i see mathews is recent sub holder of moy, maybe they sold red to fund its position, a breif look at moy, red still would be the better of the 2 by along shot, moy is also about to become a producer, production costs are alot higher than red...
 
Hi Fastbuck, yeah I hadn't noticed Matthews moving into MOY, maybe it demonstrates that they want to take positions in much earlier stage gold projects and derive gains from the transition close to production. Good luck to them!

RED continues to hang around $1.61-$1.65, and seems that must be a good sign for the TA, but that's not my bag! Lol.

I have spoken to both GE and CJ in recent times and seems both are reasonably relaxed as to how things might develop, certainly haven't indicated any concerns that things won't get sorted out (of course they wouldn't be indicating that to anyone though!). Patience is a virtue, but I admit that I'm not so patient, although I did get a few more to keep things going (also thanks to Tech/a and Boggo for helping me get them at a reasonably good cheap - in my view of course - price, lol!).

I'm waiting RED....
 
beatle said:
Hi Fastbuck, yeah I hadn't noticed Matthews moving into MOY, maybe it demonstrates that they want to take positions in much earlier stage gold projects and derive gains from the transition close to production. Good luck to them!

RED continues to hang around $1.61-$1.65, and seems that must be a good sign for the TA, but that's not my bag! Lol.

I have spoken to both GE and CJ in recent times and seems both are reasonably relaxed as to how things might develop, certainly haven't indicated any concerns that things won't get sorted out (of course they wouldn't be indicating that to anyone though!). Patience is a virtue, but I admit that I'm not so patient, although I did get a few more to keep things going (also thanks to Tech/a and Boggo for helping me get them at a reasonably good cheap - in my view of course - price, lol!).

I'm waiting RED....
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talk about boring, how long is it going to take to get this thing on the road, i want to get out of this thing asap to many other stock with more upside and a constant stream of ann......
 
fastbuck1 said:
talk about boring, how long is it going to take to get this thing on the road, i want to get out of this thing asap to many other stock with more upside and a constant stream of ann......
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Another disappointing announcement could really sting a lot of holders, that is most likely why they are not saying anything, as they have nothing good to add at this stage.
Well, in 2028 when they produce gold reliably and terminators take it all off us, we can all look back and curse management like holders are now. The only redeeming thing is knowing what an awful, stressful and difficult situation the team are in now....hopefully their strengths come to the fore and they can resolve everything without any more issues. (Although almost certainly we know now that there are more issues, implied by no news being released and a non-existent time-frame).
I was not in this stock during the early years, but it seems that this is not altogether unusual. I may be overly harsh, but I like commitments kept.

Good luck holders. Keep remembering that once in production, the stock represents a great price at this level and it is reasonably close to being at that stage, realistically it should not be more than end of Feb before some bars pop out.

(whether they are clay and gold or not remains to be seen!)
 
Yes I agree that its painful at the moment, but for sure management have to put out an announcement in the next 2 weeks related to the quarterly so we should find out more at that stage. I remain confident, but bloody frustrated, with the delay and lack of news!
 
Chasero said:
Wow, gold up 2.3% today and silver up 3%

Wednesday should see gold shares rally HARD.

Traders are looking for a top in the USD to be in this week or next.

http://www.safehaven.com/article/24006/gold-comes-alive

http://www.safehaven.com/article/24012/gold-market-update

http://www.safehaven.com/article/24014/gold-trend-forecast-for-1st-quarter-of-2012

Some interesting reads.

I am long RED today and MML.
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Bearish gold analysis:

http://blogs.stockcharts.com/canada/2012/01/gold-lets-dig-a-little-deeper.html

Stopped out with losses today :(

USD looks too strong, might keep rallying this week onto the next.
 
Sorry to hear that Chasero, but OMG, I am so confused with your attached gold commentaries. It really proves to me that you can twist TA whichever you want it to go and honestly I can't see a point to getting worked up on argument, either up or down for gold, based on that sort of TA gibberish!

I feel reasonably confident for the longer term that the US will introduce another round of QE, thus dropping the US$ value and assisting gold to at least keep within cooee of the current price. Such a price is great for RED, WHEN it finally actually pours gold!
 
beatle said:
Sorry to hear that Chasero, but OMG, I am so confused with your attached gold commentaries. It really proves to me that you can twist TA whichever you want it to go and honestly I can't see a point to getting worked up on argument, either up or down for gold, based on that sort of TA gibberish!

I feel reasonably confident for the longer term that the US will introduce another round of QE, thus dropping the US$ value and assisting gold to at least keep within cooee of the current price. Such a price is great for RED, WHEN it finally actually pours gold!
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Perhaps I can help.

Often traders who have a view not supported by evidence in the instrument they are trading---look for correlated instruments to draw conclusions that "could" support their view.
Hence we see the GOLD chart being discussed infinitum as RED does Bugger all.

Simple really.
 
one would think that red would have looked at the blue prints of the previouse mine to see how the plant was set up to deal with sticky ore, funny how something so small can throw a very big spanner in the works.
 
I know little about techncal analysis. I do know that gold mines sell gold. I tried unsuccessfully to encourage shareholders to stop the second tranche of share issues at 17c. Now we have a great swag of shareholders who will sell into any price above that mark, and diluting my share of the profits. The money is sitting there being gulped down by management who were giving pay rises, not out of cashflow, as i tried to persuade you guys, but out of capital. Now that's crazy in my book, (finobucci numbers notwithstanding). I also tried to persuade you guys to vote against the share consolidation on the basis that it was smoke and mirrors and did not produce gold. I was and am of the opinion that management's focus should have been 110% on the mine, not head office "make work" games.
How am I going so far?
 
If you were going out long enough with a red hot prospect that didnt put out you'd dump it!!
Yop wouldnt keep postulating on what it was thinking of doing.
How its parents were influencing it.
What everyone else thought!

Would you??
 
fwpike said:
The money is sitting there being gulped down by management who were giving pay rises, not out of cashflow, as i tried to persuade you guys, but out of capital.
How am I going so far?
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I wonder how long management has had to bring this mine to get it's first gold pour going...

Because it's just going to keep coming out of capital otherwise

Only positive thing out of this is RED has no debt, has already had a capital raising. Now it's just up to management to sort out teething issues.

And judging by managements history, thats anyones guess as to first gold pour date.
 
fwpike said:
I know little about techncal analysis. I do know that gold mines sell gold. I tried unsuccessfully to encourage shareholders to stop the second tranche of share issues at 17c. Now we have a great swag of shareholders who will sell into any price above that mark, and diluting my share of the profits. The money is sitting there being gulped down by management who were giving pay rises, not out of cashflow, as i tried to persuade you guys, but out of capital. Now that's crazy in my book, (finobucci numbers notwithstanding). I also tried to persuade you guys to vote against the share consolidation on the basis that it was smoke and mirrors and did not produce gold. I was and am of the opinion that management's focus should have been 110% on the mine, not head office "make work" games.

How am I going so far?
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Not very good actually imo.
Why, because you are getting caught up in the internal workings/malfunctions of a company where you may be out of your depth and you have no real influence even if you do understand what should happen.

You will never make a squid if you spend all your time getting involved in their problems and BS, buy in when it is going up and run for the hills when it turns down otherwise you would be better off just handing your hard earned over to Gus or whoever and asking them to not lose it.

Don't get emotionally attached to any company, buy their shares when they look like making you money and sell them when they are no longer doing so.

Chart of reality below...
 

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fastbuck1 said:
talk about boring, how long is it going to take to get this thing on the road, i want to get out of this thing asap to many other stock with more upside and a constant stream of ann......
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Thoughtless comment really. Why would you continue to hold RED then if you see other opportunities? Wouldn't it be better to just cut your losses on RED/sell out for brokerage, rather than wait for it to magically deliver?
 
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