Australian (ASX) Stock Market Forum

VAU - Vault Minerals

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snsdmonkey said:
Thoughtless comment really. Why would you continue to hold RED then if you see other opportunities?
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It's the usual 90% of 'traders/investors' problem, ie. I have bought it and I hate being wrong, also I didn't plan for the fact that it may go down and what if I sell it and it goes up tomorrow mentality.
 
As I said I'm not a technical trader though I have made a few bob here and there Boggo. I see a gold mine with no debt about to pour gold and a lot of fed up would be over night millionaires selling out of frustration. Not a good time to sell IMHO.
 
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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FWPike, I read this post with some amusement to be honest, as whilst I don't necessarily agree with your point of view, RED management don't seem to have got things right at the moment too! And of course its easy for us to judge with hindsight. But both you and I are wrong about 1 thing for sure - both you and I agree that they shouldn't have raised so much in that earlier placement that ended up diluting the share capital considerably. But now, with the way this commissioning has gone so slowly, its just as well they did raise every bit of cash at that time, otherwise we wouldn't be still reasonably comfortable (yet of course still very frustrated!) that RED has plenty of cash to keep the wolves at bay whilst they make front end mods to the plant.
I believe that the consolidation of share capital hasn't really had any effect on the share price other than to remove the smaller traders from the scene and since that time we have another substantial shareholder join the ranks. Thus I would judge the consolidation as being relatively benign with respect to share price.
The main game remains getting the darn plant sorted out as soon as possible, and I am wondering if the onset of the wet season has hampered the modifications being enacted and if the wet clays might remain an issue for them regardless.
As I mention I take a lot of comfort knowing that they have a lot of cash in the can to keep things moving, if ever so slowly as it seems.
And whilst Tech/a and Boggo might know a lot about TA and their inputs are obviously welcome to many who follow that course of trading, that is their strength but I suggest anyone relying on that advice to make judgements about the state of play with the project solely on charting are probably going to regret any decisions they make based on such comments/observations! I make my decisions based on broader information than what the tea leaves might be saying about the next movements! And I don't regret my successes to date!
Can I ask a question of you 2 - since both of you are based in Adelaide and you both seem to follow each others commentaries fairly closely, even answer on behalf of each other from time to time, are you related (or schizophrenic?), lol!
 
beatle said:
And whilst Tech/a and Boggo might know a lot about TA and their inputs are obviously welcome to many who follow that course of trading, that is their strength but I suggest anyone relying on that advice to make judgements about the state of play with the project solely on charting are probably going to regret any decisions they make based on such comments/observations! I make my decisions based on broader information than what the tea leaves might be saying about the next movements! And I don't regret my successes to date!
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I don't regret getting out as it dropped through $2.10, obviously I was not alone LOL.

As for tech/a and I, like we did with RED, we are working on a little deal to get the price of the Sydney Harbour bridge down using technical analysis to create negative sentiment.
We reckon that a few more weeks of stating the obvious should do it, will give you a bell when we get it down to a fundamental "a bargain at this price" area, trust me, and there is no poggy to worry about.
:D
 
Oh My!!

This is not augering well for RED.
Falling with very little volume to its recient low.

Below $1.42 and its a night at the opera
featuring the FAT LADY!

But Im sure it will be seen as a rare opportunity by some!
Not me!
 
tech/a said:
Oh My!!

This is not augering well for RED.
Falling with very little volume to its recient low.

Below $1.42 and its a night at the opera
featuring the FAT LADY!

But Im sure it will be seen as a rare opportunity by some!
Not me!
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so what price is a buy tech ??? or do i put on a silk glove and try to catch a falling knife??
 
Hey Beetle,
It is almost a month since it was discovered that the ore at the bottom of the pit was gluggy (poggy, puggy). (Hardly amazing since the last twelve months were spent pumping it out). You appear to be "connected". Do these guys have a plan and a timetable?
 
fastbuck1 said:
so what price is a buy tech ??? or do i put on a silk glove and try to catch a falling knife??
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It's at a critical level now at 1.50. Until it gets above at least 1.80 I would be concentrating on one or more of the other 1900+ stocks that exist on the ASX.

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Boggo said:
It's at a critical level now at 1.50. Until it gets above at least 1.80 I would be concentrating on one or more of the other 1900+ stocks that exist on the ASX.

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Volumes going into the Support zone are important.

High volumes indicate Supply and Buyers absorbing supply.
Who will win if that is the case wont be known until one otr the other withdraws.
Supply withdrawl will see support.
Demand withdrawl will see failure and lower prices.

BUT
If there is less than impressive volume that means there is NO DEMAND.
Price is heading to a known support area without any interest from buyers.
Technically this is not good.!!
If support is breached on LOWish volume then RED will be sick for quite a while.

$1.10 ish!!

But all eyes on this current zone.
 
mrlister said:
can you please explain this to me?
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Doug has the basics.

It takes more than 1 line.
Here is a chart of PEN I did back a while ago.
you can study the notations and look at the chart to see what happened.

I can mark up a RED chart if your still not clear.

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Selling.gif

As it has turned out RED had an average volume day.
So not a bad thing and not a good thing.
A wait and see thing.
The analysis is a little ho hum as the volume testing $1.45 at $1.50 (I dont see this as a test---not low enough!) is half the volume generated on the $1.46 low.

Not significant enough to consider sentiment as being controlling.
My view is lacking direction at the moment.Heavy consolidation at $1.70-1.60 Zone and I still expect the low to be tested at $1.45---sooner than later.
 
tech/a said:
Doug has the basics.

It takes more than 1 line.
Here is a chart of PEN I did back a while ago.
you can study the notations and look at the chart to see what happened.

I can mark up a RED chart if your still not clear.

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View attachment 45891

As it has turned out RED had an average volume day.
So not a bad thing and not a good thing.
A wait and see thing.
The analysis is a little ho hum as the volume testing $1.45 at $1.50 (I dont see this as a test---not low enough!) is half the volume generated on the $1.46 low.

Not significant enough to consider sentiment as being controlling.
My view is lacking direction at the moment.Heavy consolidation at $1.70-1.60 Zone and I still expect the low to be tested at $1.45---sooner than later.
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What if they were to finally announce that the modifications they needed to make we're pretty much complete and will be proceeding soon? How would this effect them. I know it's all been said before, and I know nothing, I'm just speaking hypothetically?
 
mrlister said:
What if they were to finally announce that the modifications they needed to make we're pretty much complete and will be proceeding soon? How would this effect them. I know it's all been said before, and I know nothing, I'm just speaking hypothetically?
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Have no idea.
I trade technically
I don't need to consider--- what ifs.
Only ---what are's and they are on the chat in my world.
 
tech/a said:
Have no idea.
I trade technically
I don't need to consider--- what ifs.
Only ---what are's and they are on the chat in my world.
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So what your saying is that you know very little of the company and what it's position is, your analysis is based purely on the technical analysis of the shares.

If this is true, I'd suggest there is a lot more than meets the eye with this one
 
mrlister said:
So what your saying is that you know very little of the company and what it's position is, your analysis is based purely on the technical analysis of the shares.

If this is true, I'd suggest there is a lot more than meets the eye with this one
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Very little-- actually nothing,
I don't have to.
Same with very trade I take.
Been the same for 18 yrs.

My only opinion based on the technical analysis at that point in time.
You may be right
You maybe wrong.
Either way I'll see it
 
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