VAU 2.53% 38.5¢ vault minerals limited

We need to be more patient. I would like RED sp to go parabolic...

  1. 1,680 Posts.
    lightbulb Created with Sketch. 144
    We need to be more patient. I would like RED sp to go parabolic right now, but I realise that the new manager has not really had much time to change things around, yet.

    Even assuming that he has immediately understood all the geology, meteorology, plant issues, dewatering problems, etc., and then further assuming that he immediately knew how to address all these issues, it takes a while to implement solutions and put the ore through the process. This thing will not change in a week. Let's give the guy a few months. I would not want him to start putting piles of announcements to the market before the improvements he potentially has made became evident by the plant spitting out more gold.

    We have all read great promises while there was production underperformance in the past. I would rather read less promises but more hard figures about increasing production and gold sales. It is too early to expect that such production announcements would be made so soon after the new appointments. Although I am not happy with what has taken place, I am happy to give the new manager some more time, before I begin doubting his abilities.
 
watchlist Created with Sketch. Add VAU (ASX) to my watchlist
(20min delay)
Last
38.5¢
Change
-0.010(2.53%)
Mkt cap ! $2.618B
Open High Low Value Volume
38.5¢ 39.0¢ 37.8¢ $4.729M 12.34M

Buyers (Bids)

No. Vol. Price($)
10 487571 38.0¢
 

Sellers (Offers)

Price($) Vol. No.
38.5¢ 29916 1
View Market Depth
Last trade - 16.10pm 01/11/2024 (20 minute delay) ?
VAU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.