Well, after FY'25 guidance, the market was less impressed but by...

Well, after FY'25 guidance, the market was less impressed but by no means terminally disaffected.
Below is part of the schedule for the Sept'24 Denver Gold Conference which will be one of the final times RED5 is presented - soon Vault Mineral will launch and perhaps RED and SLR will fade from the conversation ? (those who wish to continue REDvSLR go to Facebook ... please)

Note the other presenters in the session are many of RED's mid tier competitors.

Note the slide from the GMD presentation where it shows it outranks RED .... this should cause cognitive dissonance as it produces much less, and will never exceed VAU's production for the foreseeable future ..... but has "aspirations to be a 400k p.a. producer".
By the time GMD has ramped up to 300k p.a. the shackles will be off VAU and it will be debt free, hedge free, and major investments will be maturing.
30c is key support/resistance for VAU and after it becomes firm support (POG permitting) then VAU's relative value should become more emphatic.