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VAU - Vault Minerals

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There is no doubt RED is in transition now, not just in terms of transforming from explorer to gold producer, but also in its share price finally starting to move higher and closer in sync with its fundamental value, with recognition of its anticipated huge monthly positive cash flows out of Siana.

Once the insto's have had their fill, and I believe they are still playing a game with us just slowly adding to positions before taking the share price slowly but ever-upwards to new highs to make the chart more and more compelling for the technical chartists, then we are likely to see many more bullish broker reports targetting levels way beyond the mainstream analysts current targets!

I hope that the longer term holders don't pull out prematurely, its been a long and frustrating wait so make sure you enjoy the ride for a lot longer, we have all earned it - Fastbuck I hope you are still onboard and not geting tempted. We are not part of the past trading cycle, RED share price is making a structural change, to far greater levels!

And just remember, aside from the exploration that RED will be pursuing in coming months at Mapawa and Siana, it will have a bundle of an ever-growing cash pile out of Siana - it may become more aggressive with those funds, for the benefits of us shareholders. Siana is not the end of the story, its the start of its new revitalised life!
If you are tempted to sell a few now, may I suggest you just shut your eyes for a short while and see where we are at the start of November...
 

I pulled out at .225 like an Idiot.

We still have more gains to go - I estimate 36c in November, after that I have no clue.
 
LostMyShirt said:
I pulled out at .225 like an Idiot.

We still have more gains to go - I estimate 36c in November, after that I have no clue.
Click to expand...

LostYourShirt, you didn't sell all your holding did you? IF you do still have some more then shut your eyes (AND don't peep, lol!).

I suggest what you need to focus more on is that historic share price, and even company activities etc for RED are now entering new ground! And whilst Albeast makes some valid points about the past decisions that may have been made, we are now in completely glittering new territory! Regardless of whether the gold price falls back or not RED could easily achieve a market cap of around 500 - 600 mil very easily prior to the start up of gold production.

As far as activity on the ground goes that latest update confirms that things remain on track for November gold production, and with the amount of money spent to date on $15-17 million spare cash at the time of completing the plant. I can assure you that I have a mate onsite who has confirmed to me as late this week that everything that needs to be done is being done, and the workforce are working towards the November first gold pour as indicated, AND with a possible official mine opening in early December (of course that depends on how the commissioning goes). But please note that RED has a stock standard gold plant and operation, and there has been a complete risk analysis undertaken of the project to date with the last possible issue that could hold the operation at bay removed by installation of a 6MW power plant which is now in place.
 
I was wathcing price movement and thought to myself I could achieve more holdings by selling now buying cheaper. It didn't work. And I ended up uying back in desperately at 24c. Now, that is a STUPID move - never do that unless you are sure you can get your order filled.

Yes I still have profits - but now less holdings. It is a shame - but I will take the mistake on the chin and wait for the real valuation.

Nov' will be exciting. I have set a target based on the current trend of 36c. Depending on the activity - I may keep or withdraw the target. I don't know yet - but so far 36c is looking decent.
 
G'day Beatle and others, I hope you are all buckled in for the ride. Well, certainly I know my friend Beatle is but hopefully most of the rest of you are in for at least the next few months. Last night at home, I endeavoured to see what the sediment in the bottom of the RED glass was telling me. But unfortunately I managed to knock over a full glass and spilled it all over our beautiful WHITE rug. Luckily new wife was out so I managed to not suffer instant death, but in the aftermath of cleaning up, I realised it didn't matter as with RED's SP movement I can easily replace the rug. Didn't like the white much anyway lol! Globally it seems that finally, Gold equities are at last in demand as investors big and small recognise that the current favourable conditions for gold will remain. I have heard it said that if you are not yet a gold bug, then you must be a dollar bug! There is now a scramble on to get into producer gold equities, and it is just starting IMO. Eventually this will spill over to the exploration stocks as well I feel.
This is all GREAT for our beloved RED! Tonight I will check the sediment again, but will do this well away from anywhere that I can cause damage to. Have a great weekend all. AB
 
Anderbond - Be weary as this may be short lived, interms of Gold and it's rush. This stock will move higher regardless of Gold however if Gold does fall and we have hit high valuation based on a higher POG then expect RED to fall to propper value. Keep an eye out for news - watch the gold price and most of all keep an eye on foreign markets. The more they tank the more they will take up a safe haven and that is where we will shine.

I did not expect this sort of price movement today - it is a little bit worrying, but the charts are looking good, all indicators suggest more of an upside. I will hold onto these shares for dear life and never sell them again at such rediculous prices.
 

hi Beatle i'm still in ,have not sold a single share i now look at what the market capp should be on production 550 mil- 750 mil and could even go breifly alot higher on day trader hype and hopefully a higher gold price......getting very excited.....
 
Investor confidence, like an endless cycle, is shaking yet again in Euroland. Gold rallies way back up, Euro markets go down. I suspect a slow moving DOW tonight, but not a tank.

RED will see very nice POG in the coming months as this situation of debt and currency etc. is not going away overnight.

Does anyone feel that the October month will seep away any profits? I was told that it is best to sell in Oct' but I dont know... I personally don't think so...
 
beatle - with RED hitting a 7 year high and now mkt cap of $300M & with it finally getting some sort of re-rate, but still undervalued, its time to thank you for your informed commentary & replies over 2 years ago when i started climbing on board. I was concerned about some things and new to gold miners..

My attention was drawn in midst of GFC when its SP was 3.7c, cap. of $24m but with cash holding exceeding that!

My first parcel was at 8.5c, prior to which i remember delaying getting in at 7.9 only because it was bouncing around 0.001c to 0.003c - how ridiculous is that!

RED finally taking me green again and putting a smile on my face. Thanks again.

PS no I'm not selling.
 
Possible short-term gold retraction?
http://www.macrobusiness.com.au/2011/09/gold-looks-vulnerable/

I once again sold off everything this morning; RED at 0.23 again at a modest profit to my last buy. Will be interesting to see if I made the right decision or not - RED has a real habit to go up a lot spontaneously, so I'll be watching by the minute. The fact that there is specifically a lot of volatility with Europe right around the time of Siana coming online is extremely inconvenient to say the least

Nothing is easy I guess

If this week eventuates into somewhat of an August-like crash - coupled with a cooling off on the gold price, could we see RED get below $0.2 once again?
 

Star - Yes, a 20c price is a posibility as there is support there - however there is a trandline which has also acted as a decent support and is about to be tested.

I would like to challenge your view on inconvnience and say that the currency concerns and debt issues would and should work in RED's favor. This will send the herd to rally gold and provide RED with increased margins.

In my honest opinion the Gold sector, should outperform the market.
 
Hi Guys,

As I am not a technical trader I am interested in any views as to the "gaps" that might need filling along the way of the recent hike in the SP. Any contributions will be gratefully received. AB
 
Good morning Kythano6 and all RED members.

Very interesting Kythano6, its great to see RED getting some much needed publicity. I believe it is long over due. Maybe a bit more information on RED would have been helpful. (ie). Ounces, mine life, more reserves due to lower cut-off grade expected, cost per/ounce for extracting and so forth. But all in all, great to see RED get a mention. Cheers, good research.
 
Hi guys, im back in as from yesterday, (i did say a break of 21c will see me back in) That read in the herald Sun is interesting.
now im a bit confused as to hold or sell at my normal 3% to 4% gain (23.5) hmm the decisions...its often more profitable to trade the highs and lows.
Something for me to think about today lolz
Cheers All
 

I don't know your trading style well - and if you see genuine profits at .235c then go for it, and good luck!

In my opinion though - top slicing isn't a bad idea too. Considering we have gotten a 49c valuation I'd be reluctant to offload. Then again, my capital invested is small and I'm after a large profit.
 
Was up a $0.01 today and I was getting rather concerned about missing and upswing, but then the market took a tumble.

Today has been a pretty good day for gold however, forming somewhat of a triple bottom at $1820-$1830 in September? Perhaps it will now go to test the $1900 mark. If so, I can see RED rising with it.
 

I got an email today from that IC dude, had a chart on Gold. He thinks another push past 1900 would be a "fresh advance to 2100".

I got excited though when I saw the quick jump - someone must have made a large buy. Still go jump back to 215c is odd.

Anyway, I'm not likeing the look of the chart for the short term that is for sure.
 
Hi RED followers, its great to see the older brigade of posters now joined by newer contributors, each adding to the RED story.

I've got to hand it to the technical chartists who have posted and managed to correctly read the micro-movements in RED share price - I know I don't dare to do that as I am confident that the day I sell a single share its share price will move up and I have been in the stock long enough thus not wanting to miss out on the final movement up, and I certainly don't want to chase it up!

Mgm1a, I was certainly most thankful for your contributions during the earlier days re the RED base case valuation - I think many doubted the high valuation view until you reinforced that valuation based on your own NPV estimates. Now finally the broking analysts are getting more realistic with the valuation based on gold prices closer to current values - but more importantly its comforting to know that RED valuation remains very high if we assume a gold price closer to US1,500.

Its great to know you are still in RED Fastbuck, I hope you get the rewards from supporting RED around the time of the GFC. AB, maybe you need to get a RED carpet!

I have sought further information from my mate on site, and unlike myself who had expected a possible gold pour before the Nov date, it seems RED management believe that Nov is the most likely scenario after commissioning and final handover - although the handover to the operating staff is already in process. If things go well it is likely that the official mine opening will be in early December, depending on it suiting certain Philippine dignitaries who are important for the longer term operation of Siana.
 
RED holders may like to re-assess commissioning risk downwards, given that the new Operations Director, Ron Pyatt (from linkedin)was "Plant Optimisation & Commissioning Manager at BHP Billiton". Has to be same guy.
 
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