$40 cents club, page-1700

Well, technically RED Vault has broken down through key 30c support - this seems at odds with the POG, but the wider market is cracking with notable linkages between BHP (iron ore, nickel and copper), SMR and WHC (high grade coking coal) and battery metals - many Lithium stocks have lost 90% of peak SP's, graphite stocks are DeadOnArrival, + nickel stocks are very DOA ... BHP has placed its nickel operations on C&M till further notice, and look at QPM a 'gunna' high TECH nickel stock still born despite both Federal and State government grants and endorsements.
N.B, a recent analyst issued an updated SP target on SMR of $5.46 after the release of FY24 financials .... now $2.77 (down 5% today)

The Nvidia bubble has burst, so where is the general market headed - a Biden Bust / Trump Depression or will the FED ride to the rescue again ??
Meanwhile the only stocks making new highs are banks, especially the CBA which is the most expensive bank in the world (????)
I have always predicated my RED sentiments with the proviso that the POG remain at profitable levels and the market be stable.

Despite the POG at profitable levels, it looks like Gold 4000 is not going to happen, and gold stocks have peaked - any gold stock that has lost its lustre will be sold off by 'man and machine' first, but other out performers may see profit takers step in and also see SP plunge ... so those holding gold stocks regardless, are doing so on the belief in the inevitability of higher gold prices that outpaces inflation.
As some have (jokingly) suggested, RED's hedging may end up saving it if the POG falls in harmony with a massive market correction.

When RED's SP was 40c and above, my "sentiment" was HOLD (or Sell) and I changed my sentiment to BUY when the SP retraced to 32c.
That as it turns out was premature .....
Although I had suspicions about SLR assets, the degree of impairment was a nasty surprise and sections of the market have sold it off on this news.
Now unless the POG and hence margins collapse, then VAU, as an established profitable producer will survive and thrive, albeit at a lower level.
Hence there must be some level near current SP, where VAU will be stunningly cheap for another entity ???
M&A occurs when the buyer/acquirer has the whip hand and the market makers see long term value and short term profit in consolidation deals.

So, unless one is certain the POG is going to collapse and hence all (unhedged) gold miners, surely RED/VAU is a strong HOLD or BUY ??
Cool Hand and his BOD will remain, and get on with the job of rationalisation of VAU operations, irrespective of LT haters and RED curmudgeons digging up old graves and engaging in endless "could've have been" scenario's.

I sold a good portion above 40c, I wish (in retrospect) I'd sold more .... but such is life.
I expect higher prices down the track, but if I need cash in the meantime, I'll sell more at the prevailing SP at the time of need ..... but VAU is highly unlikely to go bust and be "worthless" in the foreseeable future, like some "wannabe high cost/low grade current or proposed future gold miner ... IMHO.

PS - I voted No for the remuneration report, yes for the other motions - I predict that the NO vote will be pathetically small and my vote will again be a substantial part of that NO vote - HC critics are mostly "all hat no cattle".