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VAU - Vault Minerals

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tech/a said:
Well there you go then --- ho hum
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Finally!

When RED posts it's gold pour, or when it posts a profit, and RED remains 'going nowhere' as you say, then I may actually listen to what your saying.

Be back in a tick. Time to post in another thread saying this share is DEAD! DESPITE positive announcements! That won't rile some members surely! I'm definitely not trying to get a response!

Ho hum. Nevermind if I've done zero research into the company!

People hold RED as a speculative investment. It is what it is.
 
Anyone want to comment on the announcement yesterday about BoA becoming a substantial shareholder? I saw Matthews in there as well, what's that all about?
 
RED seems to be in a tug of war atm rangeing between 20c and 20.5c.
You would think that something will have to give shortly. Maybe it's all about the pending announcement on the gold pour? If there's a hiccup i'd say it would give way to a drop in sp but if their on time perhaps it will head in the other direction.

Beatle are you still having trouble in getting thru to RED management?
 
Hi all RED holders.

I`m feeling a let down with the admin of this co. I haven`t made phone calls but have sent emails none of which have been replied to.
It`s like when you go to vote for your government. Prior to voting, all the promises are made with all the carrots dangling hoping that they will get into power to serve you, and once in power you end up serving them.

RED administration operates along the same lines. They expect, as the upcominging meeting will show, want us to vote for the bonuses to the directors, have faith in their ability to perform, yet they tend to forget, or don`t acknowledge that they aren`t the company but people like beatle, moit, myself and everyone else who may have large or small holdings, that are the owners.

I have always believed a company is only as good as the bosses behind the scenes, amongst other things.

It is time RED treated, respected that, and hire a PR operative to keep us there as their employers and keep us out of the dark

Nuff said
 
Hi all RED members, well said Buck, I believe red management are a bit to relaxed when it comes to there ann's and shareholders. ( i have stated this before ). In saying that we all know there main priority of late has been getting Siana actually constructed, off the ground and producing gold. As someone has recently mentioned, ( can't remember who exactly ), it is November and we have heard nothing!! Other than boa becoming a substantial holder.

I believe they are waiting for the results from the agm next Wednesday, most importantly, consolidation, before they pounce. But at the moment, to know something would be better than nothing...

We are about to pour gold, the least they can do is post there progress as an Ann. At least then the market knows where it stands as far as red goes..

Cheers Moit...
 
Hi ALL RED Holders, good to see the comments re RED PR which clearly has been lacking for us all the past couple of weeks, at such a critical time. I can confirm however, that the Chairman was in Philippines in the past week, and seems he was happy to keep a low profile in case he was asked some sensitive questions that might have been construed as providing inside information to selected investors.

I have spoken with him and whilst he was not prepared to talk about status other than to say that we can expect an ASX release about progress at about AGM time (of course noting that the AGM is on Wed 23 Nov this week!). I would interpret that "no news" as being positive!!! Why? Because if he was stating a status report was being prepared in readiness for the AGM ahead of that time, and clearly if there was something significantly astray at this time then we should already have got such bad news in an ASX release. So my view is that the development is going along ok or if not, then a week or 2 behind schedule at the latest.

It appears some of the bigger shareholders have gone onsite the past couple of weeks and from those visits they were happy with what they saw, so that again suggests to my mind that things are going along fine. I again state its just my interpretation, and I could be wrong, but I just have a feeling we are not far off the final start up of the plant for wet commissioning if it hasn't already been underway! I am getting more excited now!!!

I do agree with all your views though, that RED should have kept us all more informed at this time since CONTINUOUS DISCLOSURE surely is paramount at such a critical time, and all sorts of conspiracy theories can develop if no news is provided. Lets hope RED can behave better than the politicians Buckfont, but I agree with your analogy, its quite appropriate in my view!

Well just a short time for the AGM now, so I guess a very short time for the next news release!!! I am EXCITED...
 
Why would the market not have already priced in the commissioning of the plant.
Why is it that you all think that production will cause a price hike?
It's already moved 300%
Maybe a case of buy the rumour and now sell the fact
 
Not expecting much price action on production commencing, there is potential for a sell down from the small holders whilst the larger players will wait to accumulate, as there has been a long anticipation period, but it will be relief to see some gold production.

This period would be a good time to look for an entry.

Good luck tomorrow holders.
 
Just for those interested RED shareholders, (ie not Tech/a who seems to love downramping RED but hasn't ever held a share in RED from his own admission) who won't be attending the AGM, I've arrived in Perth and will be here for the meeting. If there is anything significant that isn't evident from any releases re the meeting I will be happy to give a summary - is there anything that anyone wants to raise - I already have noted the comments about PR, and there is a list of other things that needs to be raised, either in the meeting or one on one, rather than over the phone which seems to land on deaf ears a lot of the time.
 

Hi Beatle, it's great you'll be attending the AGM.

Some initial thoughts as to questions: 1. Very interested in the ramp up schedule. 2. Plans for getting back to Mapawa and giving it focussed attention with some serious resources (ie. not just one rig). 3. As you noted, when are they going to shift their paradigm from developer (ie. project focussed) to producer (ie. shareholder value focussed)? From my experience, this shift has to be a conscious decision from the top and the business culture can then follow.

If they remain stuck in their current paradigm, it's going to continue to be a frustrating ride for shareholders.

Look forward to hearing your take on things.
Cheers
Geez
 
beatle - would appreciate if you could ask their comment on
-rebel activity and ,
-given the key mission statement on announcements and website of "focus on development of siana", what future direction the company will be considering now that in the coming year this will be less relevant?
thanks
 
Thanks Geezuguys and Mgm1a (great to know you are still hanging in there Mgm1a even if you have sold a larger proportion of your shares due to your concerns re the possibility of a rebel attack). I have noted your points and will ask the relevant questions either in the meeting or one on one (if those points are not already raised by the company or others).

I was expecting an ASX announcement before trade starts today, but yet to see one! Good to see gold move up a bit and with the aussie dollar still looking a bit weak its a great aussie gold price this morning, if it stayed at this level RED would be making a motza!
 
Yeah nice address chairman but when's the gold pour expected??
And why would you tell shareholders that females who have never held a drivers license are going to be driving the trucks? Hope we got insurance! lol
The whole operation does look good tho and they seem to have taken no short cuts with the plant equipment. Nice pics
 
jancha said:
Yeah nice address chairman but when's the gold pour expected??
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Yeh didn't say anything about it except that they're behind schedule, vague. It's all well and good that you're below budget but so what if you're not going to start producing. Sold out my lot.
 
snsdmonkey said:
Yeh didn't say anything about it except that they're behind schedule, vague. It's all well and good that you're below budget but so what if you're not going to start producing. Sold out my lot.
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Why would you want to sell out at this point if your holding?
Any new business starting up has a few hiccups. When it's up and running and established you can reach a decision on selling. I'm holding
 
jancha said:
Why would you want to sell out at this point if your holding?
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Some of us like to be in stock which is moving.---in the direction in which we are holding.
Its called opportunity cost.
There are many different ways to invest and trade.
Holding or not holding is a personal thing.
Everyone has their reasons and each are right!
 
jancha said:
Why would you want to sell out at this point if your holding?
Any new business starting up has a few hiccups. When it's up and running and established you can reach a decision on selling. I'm holding
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Well RED's SP hasn't done much for the month and investor's didn't react much to this either, and it's not going anywhere in a hurry. There are obviously more chances in the near future to buy lower say 19.5c or 20.0c which I will obviously be willing to buy back in. And if I'm wrong then I'm more than happy to just take a $30 brokerage loss and buy in where I left out at 21c.
 
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