Looking at Red 5 / Vault from a long term historical perspective.
It is fair to say most posts are looking at the here and now. Taking a look back way back 2008 to 2012 at RED 5 performance.
November 2008 $0.33 / November 2009 $1.75.
GFC The global financial crisis (GFC) refers to the period of extreme stress in global financial markets and banking systems between mid 2007 and early 2009. This was taken from the RBA. I would extend this period much longer having been in business and seeing it run out beyond 2013. I owned a business supplying and servicing welding products.
At the point where RED 5 was $1.75 in November 2009 gold had risen:
2008 December 31 @ $880.00 US $ to 2012 November 15th $1713.00 US $.
During this time RED 5 a small gold miner just getting ready to establish production with pledged loans to repay was hitting all time highs.
Hmmmmm Gold Miners were getting some love.
US Dollar November 2008 $0.85 / US Dollar December 2009 $0.77.
It took the slow crash of the US dollar to reflect some major love in the Gold & Gold Mining sector.
As we begin to see all the noise from the Fed and other Central Banks dissipate and markets finally realise a shift into Gold is well overdue we can will realise the positive side of RED 5 , its assets and minimal to no debt balance.
Will we repeat a $0.33 to $1.75 rise in 12 months perhaps.
Perhaps the true question is what is your time frame.
I am going long while perhaps taking some profits at the right time.
Good Luck to all Red 5 , Vault Minerals , share holders.
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1 | 52631 | 0.385 |
1 | 53333 | 0.380 |
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1 | 100000 | 0.355 |
Price($) | Vol. | No. |
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