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VAU - Vault Minerals

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mgm1a said:
hey beatle - i wouldn't have thought over-working machinery was a good idea -is running the crusher at 150% like red lining the engine in a car??
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Hows it going mgm1a, no it is nothing like that it depends on the ore going through the crusher,the crusher and mill have a maximum load factor that they can run to just for arguments sake if the crusher can produce a 1000 horse power that is all it will do,But if the ore is a clay type ore it will be able to crush a lot more, if it was totally A quartz or or green belt or it would only be able to crush to it capacity of 1000Hp.
To put it in an easier term if you drive a car on the bitumen it takes less horse power than if you were driving on sand. So if the ore has less hard rock and more soft clay it will take less HP to crush and the through put can be a lot more.
I hope i haven't confused you
Cheers
Des
 
Tech/a I noted you were able to exit Red at the top of yesterdays spike, and was hoping you might let us know how you chose that time/day.

I'm thinking large volume day with strong price spike, but the day before had a larger price spike with almost as much volume. Or was it to do with resistance at $2.30.
 

I could almost certainly say that it was in expectation of resistance at that level. Particularly as it was an exit in the morning without any of the days action to judge from. Plus it was going to be an up day which would see plenty of people look for the door in the afternoon. Conditions were perfect.
 

Thanks Mr Jeff, makes sense
 

Both You and Jeff have part of the explaination.
Price action leading into support or resistance is important.
We had increasing volume on 3 up days and this leading up to
resistance gave it a high probability of correcting.

I was watching and noticed that $2.24 was struggling I placed an at market sell which saw some at each level taken out. These conditions set a high probability down day (Inside Day--is common).
I attempt and often get wrong as close to the high as possible so re entry is not costly and I dont drop to much on a pullback.

Todays price action was under whelming.---as was most everything else out there.
 
Today was a bit of a let down, but on a positive note it did bounce back from 2.07, so seems there is quite a bit of support from about 2.10. Of which is to be expected. I think it will bounce between today's low and yesterday's high for a while until more positive news is announced.
 

I think you need to look at the Macro situation for a while.Red has risen from $1.52 on Jan 25 th to close of $2.14 today,I regard that as a pretty good run up.They still haven't had any firm production at the moment and those results are at least 3 months away.The whole Gold section is in limbo at the moment on what the analysts are predicting and Red, according to Casimir is only worth $3.00 over a 12 month view.I think Red is about where it should be but with a downside risk untill further posative announcements.All is dependant on the Macro and what happens to Greece(Europe Etc.]
 
Tech, you have mentioned inside day quiet a few times on this thread and others. Mate can you please clarify that, for the small few that just don't get it, but want to learn....

Cheers Moit.
 
Moit said:
Tech, you have mentioned inside day quiet a few times on this thread and others. Mate can you please clarify that, for the small few that just don't get it, but want to learn....

Cheers Moit.
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Moit
I'll knock up a piece on inside bars and their place in a chart over on the Technical Analysis thread--- sometime over the weekend.
They are important bars to watch for and very common.
In particular they can be anticipated and traded.
 
i really dont know whether to ride the highs and lows on this one or just get out now. id love to get 2.25 for it at least though. the big question is, have people seen that that first gold may have been smoke and mirrors just to keep the people optimistic?
 

AND

That is one of the reasons I trade technically.
I can make exactly that judgement based purely on Price action.

I dont have to ponder/guess or decide on that in Black.
I look at things a little differently.
So right now your talking about 10c
Whats your risk? More than 10c?
 

Its hard to stop thinking things like... "oh if i wait and it goes up another 10cents I could make another 10% but I'm not sure what the share price is going to do." These kind of thoughts will slowly end your share trading days. You'll lose more then you gain.

When you buy into a share. Assess what the share price is going to do. Formulate your buy in price, your sell price and your stop sell to limit your risk if you got it wrong. You will live longer and make smaller but more consistent profits. Learn technical Analysis.

You will make mistakes. Limit it and Learn from it.
 
RED has been worrying for quite a long time, with little reporting from management and less when things aren't going right on site. Although I don't agree with that approach I understand what they are trying to achieve. (Although it doesn't work).

That piece of metal that got poured is highly significant in any company's life, it marks THE major milestone where all the effort of the shareholders and staff finally has amounted to something of value to sell. That is what every production company is started for.

There would not be any tricks to that bar at all as it is such an effort to get there. On balance there is not much downside risk in RED at the moment, if you look at the price history during its run up to production you would notice that it has been at this level and higher without any concrete results on site.

Now that we have these results, there is much to be seen in the medium term as Beatle bangs on about. (And for such a persistent shareholder, rightly so!)

There have been multitudes of short term traders who got locked in at those lower levels during the "plumbing of the depths" last quarter, and this was compounded by the consolidation which was an altogether miserable experience for everyone. So off days of selling are to be expected as all those who have been itching to get out at break-even or with a slight profit are now doing so. This will have to wash through for a little while as the greedy and fear filled traders jump ship for safety. Who knows if the smarties or dumbies are the ones left behind ?

Once a pile of that stock has been transferred, hopefully management will fire off a production update (guided by their advisor) with some good news to help get it marked up through the 2.30 level (maybe extra mill throughput etc.) and then probably expect some consolidation at that sort of high. The valuations in the next few months will start looking at worst and best cases and then the excitement will start to drain and it will be up to the price of gold and the performance of the mine. Hopefully extensional drilling will pick up something decent and/or RED announce new tenement exploration or takeover interest.

We have all considered that selling marks the skill of a share trader, and getting out at 2.15 is not much different from 2.25 unless you have tens of thousands of units.

Good luck today and remember it is Friday, the buying day of the week!
 
I ought to clarify that I have not in any way given any advice to buy or sell anything. I was putting forth an opinion on the market for RED at this time.
Sorry if that was in any way misconstrued.
Joe if this is unnecessary please remove from the thread.

Cheers.
 

i was referring to the post by jah008 as good advice.
 
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