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
@ Beatle's Red to green comment.

Beatle I was under the impression that "the mythical melbourne insto" was Mathew's Capital? Don't they already own approx 20% of RED? Correct me if I'm wrong, I'd love to have another insto buy in a decent stake of 5 - 10% and push the price up to that "mystical" 25 cent mark for me
 
Thanks for your comments Hugh_Jarz, sounds like you have got a stack of RED also, and I fully agree with you that the value to be extracted from BOTH Siana and Mapawa suggests that RED remains at a considerable discount currently. We have actually benefitted by the past demise of RED assets by the market and now its time for some catching up in RED value closer to its fundamental valuation - I believe that any valuation of Siana alone below mid 30's takes a gloomy view of future gold price, with it dropping appreciably in the medium term.
I take some comfort in your comment about the BOTS, except such activity gives me confidence that we will see strength rather than weakness in the case of RED trading!
And very sorry Moit, I think I was posting each time you sent through a post, and I have been so excited watching the screen that I failed to check some of the past posts! Apart from my comments above about BOTS and Hugh_Jarz comment I can't add anything more to the subject, I would love to hear from someone who is closer to it, but I guess its the sort of subject you won't get people openly giving hints away on.
Moit, it sounds like you live north of the border if you're drinking XXXX - I haven't been up there for a while, I hope to go mid-next year when its cold down south. Do you pay taxes up there, lol? (Sorry, back to watching ParleVousFrancais' shares - lets hope your webpage has a few hits PVF, I will record your Hit Count to see how it goes).
 


Hmmm, in with SDL at the moment so not sure if to use a parcell from them to go to RED. Think i missed the boat
 
Sorry ParleVousFrancais, again I missed your post due to me preparing a post at the time. No I was told that the Melb insto looking to buy into RED as a completely new entrant, were not allowed to buy into spec stocks, and therefore they would only enter once the final funding had been done. Their argument is that they don't want to take any risk on the finance not being achieved, but once its done then they will take a position, usually around 5 - 6% (equating to 50 - 60 million shares), on market, and assume they miss out on the initial stages of the re-valuation but before first gold production. Thats what I was told, by a fairly reliable source, but that was some time back, maybe about 3 months ago. I don't recall what price RED was at the time, but probably within its cycle range of 12 - 16 cents, so I would assume that the current share price is not a big problem for them as they expected some move upwards before they enter.
Here's hoping they will remain interested to buy in!
 
OT: Beatle I'm very satisfied with the progress of my blog thus far, I only started it on the 4th of October to use as a tool for measuring my progress as a trader, as well as being more open and transparent as a commentator.

As I've only started it recently I'm already up 100% or so on the year (A VERY good result, the best I've had since I started the share market) but on Jan 1st I'm going to reset my performance and we'll all get to read about how I fare in the markets in real time with all my trades and holdings documented! Should be some entertaining reading I hope . Also because I'm still quite young to be this "into" the share market, people my age don't know anything about shares, and people older than me don't take me seriously, so I'm hoping to help out people my age so they can learn a bit more financial nous, and build a strong track record so people older than me can take me as a serious investor with a consistent methodology and track record, as opposed to some snot nosed kid who got lucky (which still might be true! lolol).

As for hits I've been getting a few more every day up to around 100 - 150 in the last two days, lets hope it maintains it's initial popularity.

Anyway back onto the MUCH more important watching (or not watching) our RED shares, I have a feeling that 22.5 cents will be the peak today (how I wish it won't be!), which I just can't seem to shake. Which is fine by me, it was stagnating around that 17-19 cents mark, so any more improvements on the SP (a strong close maybe) and you won't hear me complaining.

 

Mathews Capital is Sydney based, unless I'm mistaken. There are, of course, plenty of other Melbourne instos who would may like to become mythical.
 
Hmm the same just happened to me just then, it's good news that another well renowned insto is looking to buy in, we've already got the pedigree of Baker Steel and the ever secretive Mathew's Capital on the register, I wonder who the newcomers will be? All points to a seriously undervalued stock (Baker Steel blow away their index's every year from what I've heard, same with Mathew's Capital). If we aren't riding on their coat tails, we are at least driving behind them in their slip stream!

 
I'm very disappointed in you Beatle. Cant you watch the trading activity, read, and post your threads at the same time. I must have over estimated your ability, lol. I'm certainly north of a boarder, but not that far north. We new south Welshman love a XXXX. Its like mothers milk to us country folk...

I'm a tad curious about this rumor Beatle. Only time will tell i guess...

And welcome first timer, its great to see you post and possibly invest in RED. I don't think you could go wrong with investing in RED, but in saying that and what Beatle mentioned earlier, you only do what you can afford. I for one think that the current price is still cheap and under valued. Lets say this finance Ann is released and RED goes up by a whopping 40%. Which would take RED'S Sp to 31 cents. Still under valued. Thats just me being slightly biased and of course only hypothetically speaking... I'm sure you'll make your own investment decisions and be the right ones. Good luck

I'm just wondering if there will be a mad dash to the finish line this afternoon, just in preparation for next week???

OK back to my trading platform
 
Or a rush to the exits to hit my buy order at
15c...............................................................
 
A good afternoon to fellow RED clubhouse members, another very interesting day. Despite a soft close volume has been strong. I take no notice of the soft close as it seems pretty apparent that the manipulators are at work again. I have previously posted that we can expect a finance announcement within two weeks. My instincts (only) are that this might occur next week. That is my reading of the sediment in the bottom of my glass of aged RED lol!
In a nutshell, the sediment says to expect the revised finance announcement to include a combination of debt (DB) and CR (North America).Hopefully I have studied the sediment correctly, but on the other hand at my age one feels the effect of the alcohol more quickly. I am sure most will agree it has been a good week, all things considered. Well, it is 4.30, and I have just about had enough of work. Time to try some of the last bottle of the 2002 Hunter Cab/Merlot. AB
 
Well fellow RED holders, since my initial small purchase yesterday @ 20c, which I was very happy with at close, I went and bought more today.
As explained in my first post, I have to sell oher stocks to make a more substantial invesment in RED. This I did, but only 50pc of my total holdings. I did what I imagined was the right thing, that is I put a buy order in @ 20c when RED was @ 21.5, having retreated from 22.5 earlier in he session. two hours later I became impatient and raised my order to 21. After another hour still no joy, so I bit the bullet and finally bought @ 21.5 o make sure I got in.
Imagine my horror when RED didnt rise but proceeded to drop further to end the day at what I purchased for yesterday! I managed to turn a small profit into a large loss in 24hrs
WHERE DID I GO WRONG????????
Any feedback greatly appreciated.
I keep he faith


PS then I see a poster wih a buy at 15c AAAAGGHHH lol
 
Rick64 You'll hate me then, I got in at 12.5 cents just recently, back when Beatle was the only one regularly posting on this thread (I was still doing research so I chucked in 5k, but it ran up to 15 cents before I could expand my position and hasn't been down since). Just plain luck I was reading about RED at the right time.

Who knows Rick, maybe in a months time you'll be talking to someone who just got into RED and is asking the same question, and he'll wonder how it is you managed to get for ONLY 21.5 cents .

I think what your problem is (nothing personal at all you seem like a good fellow) that you're a bit too emotional about shares. I can see in your post that you've even admitted that your impatience caused you to raise the bid price. I'd recommend reducing your portfolio size to a more comfortable level, and only investing what you can risk to lose, or analyzing the situation and then only putting in one bid for the day.

My mother has an excellent system of picking shares, she'll pick a price and if it goes away she doesn't care, emotional detachment from shares is one of the best assets you can have (Beatle will no doubt disagree but what I'm arguing is that you shouldn't be illogically attached to any one share, Beatle is attached to RED very much but only because his understanding of the share matches his level of attachment this is a satisfactory situation.)

My personal system is that I'll only invest at a significant discount to what I believe is the true value, so picking a few cents here and there isn't the goal, it's the 20%+ upside I see in the share in the near term. I personally find a share that I like, then just buy on the market. If I like it, it should be already trading under such a discount that a few cents extra in the entry price won't matter in a months time.

If you read my blog I'm actually 100% invested + some money I lent off my mother, but I'm comfortable with this level of investment because I'm quite confident in my research abilities and I'm still young, if it all blew up tomorrow I'd still be alive, and my life wouldn't be that much different (e.g. the share market isn't the difference between me eating, being clothed and having a place to sleep).

Sorry if that was a bit long winded, I just got a new laptop in the mail and this keyboard is a dream to type on! Much better than me old desktops dell keyboard .
 
Rick64
With any trade you must have no emotion.
Have an entry,stop loss and target and stick to it and set it automatically.
After a big rise like today expect a retrace maybe to .185.[support]
I bought half my position at .205[ toe in the water] and will add on any retest of support.
 
Red5 has accepted a compelling, short term US$25million gold
prepay financing package from Sprott Asset Management LP
and Sprott Resource Lending Partnership Toronto, plus an equity
commitment to a concurrent US$25million share placement.
The gold prepay arrangement requires Red5 to deliver a back ended
28,700 ounces of gold (a negligible 3.4% of the ten year life-of-mine
production profile) or the cash equivalent, over 21 month period
commencing October 2011. Red5 will benefit from participation,
by way of further cash receipts, when spot gold trades above
US$1,300 per ounce. The financing remains subject to remaining
due diligence and conditions precedent.
The equity placement syndicate comprising a leading international
Investment Bank, with Petra Capital and Southern Cross Equities in
Australia, has pre-commitments from leading North American and
United Kingdom institutions.
The Sprott group will receive a structuring fee of 9.5 million Red5
shares and will be granted 28 million 3 year options exercisable
at a 35% premium to the placement price.
The funds received will complete the financing for the Siana Gold
mine build and quarantine US$20 million for an accelerated
exploration programme at Mapawa.
Greg Edwards
Managing Director
Red5 will be requesting a trading halt until such time as the equity raising is completed.
Not for distribution or release in the United States or to US Persons
This release is not an offer or an invitation to acquire Red 5 subscription receipts
or shares. In particular, this release does not constitute an offer to sell, or the solicitation
of an offer to buy, any securities in the United States or to, or for the account or benefit
of, any “US person” as defined in Regulation S under the US Securities Act of 1933
(“Securities Act”) (“US Person”)). The Red 5 subscription receipts and shares to be
offered and sold in the capital raising referred to herein have not been, and will not be
registered under the Securities Act or the securities laws of any state or other jurisdiction
of the United States, and may not be offered or sold in the United States or to any
US Person without being so registered or pursuant to an exemption from registration.
 
excellent news. all the big names..Sprott very respected. Let me guess the "large international investment bank" is Merrill Lynch/BoA as they already hold.

Anderbond well done with the whispers....you work in the markets / or work at the right (red) wine bar where they gather !!??

So what were the idiots at Deutche /Ashmore thinking trying to wrangle a new deal at the last minute - surely this will destroy their credibility in the mining sector for some time to come??

All credit to mgmt getting this secured in what was probably the last month...all the DD files will be ready having prepared them for DB.

and look at the $1300 POG on the prepay - we get the upside!

The extra cherry is the funds for Mapawa...this has obviously got them excited more than they have let us know to stump up with $20M
 
one or some of the instos have had a word in the boards ear to accelerate Mapawa..with 20 million reason to listen.. this is now challenging the mantra on the website and on the company letterhead to "first develop Siana"

Mapawa has them excited.

--------------------------------------------------------
Rick64..you said it was a small purchase so your loss can't be big? if i can offer suggestions (not advice):
Before you understand a particular stock you could understand your own risk profile - how diversified are you/ what % "paper loss" starts to affect your emotions / your sleep ...is it money that can be tied up for a long period of time without affecting the rent and groceries.Understand where the market sentiment sits. Understand the sector sentiment. Then you get to the stock...you can't do enough research if you a fundamentalist, if you are technical then its probably easier??! Then get to buy only if you see value being captured in the future..if not fully priced today then get to buy in parcels separated by time to ensure the stock is going in right direction. anyway we all do it differently...youve only be in a day so don't panic!
I found book on Jesse Livermore helpful but you really can't do too much reading.
 

Where did you go wrong??? we are at a trading halt and if what is expected to happen... happens then you didnt go wrong.. we all can when it comes to thinking we did the wrong thing... I do it alot..in fact ive been doing it since the last 0.16c call on monday..but as my late father said to me when he was doing the share market.. what you lose on the swings ..you eventually gain on the merry go round.. like everyone says... prepare to gain.. but be very prepared to lose what you can afford to lose..
 
WOW, unbelievable, its here. Well done RED management, we had absolute faith, that you would take the right path, and make the right choices. congrats on SIANNA and MAPAWA. The future truly is GOLDEN !!!
 
Hi all
Beatle, I'm curious how you view this final outcome. Obviously it's good to finally have closure. As mgm1a pointed out on another post the pre pay equates to 37 million, and were paying another couple of million in shares and options to the arranging group. Aporox 40mil for a 25 mil loan?
Also a placement that should add another 170 million odd shares to the register and make someone instantly well off. It's hard to compare to the db offer without all the details. Is this deal fairly normal in this arena, or us it expensive, just curious of others opinions as the dust settles. Do you think this will please the market and trigger a re rating or will they stop and think a while.
 
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...