VAU 1.43% 35.5¢ vault minerals limited

37.5 cts, is it serious doctor?, page-22

  1. 275 Posts.
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    https://announcements.asx.com.au/asxpdf/20181114/pdf/4408718d7blmbv.pdf

    When SLR took over Doray the share price was 55 cents. Thanks to the Mt monger mine that SLR developed the company was flush with cash (in 2019 standards) and used available tax credits in doray to post a record profit.
    Doray was under Leigh Junk administration and team that didnt seem to be able to make the mine profitable. Compare that to the SLR rebuild of deflector only 6 months later and the SLR share price going to 4 times the price in a little over 1 year.
    Leigh went onto another company (sorry Jeanlucecuyer to remind you of Dacian again wink.png)
    I will say that LT is not the best communicator in the mining industry, however he knows how to dig that dirt at a profit.
    Can anyone advise me of any capital raising that SLR has requested from the shareholders since 2019?
    I see the similarity between the merge in 2019 and the current RED merge with most of the same crew.

    Also from the cash in the bank at 30 June 2024 Red 5 had cash and bullion of $453.7 million minus the dept of 92.9 million = 360.8 million
    From the december 31 statement in the merger presentation the combination of equity post merger was A$235 million
    Giving RED a total gain of 125.8 million (for the half year)

    Confidence for me on this stock is high or it may be this thai gunja talking.
 
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35.5¢
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36.0¢ 36.5¢ 34.5¢ $7.489M 21.19M

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