Vault (VAU) is Red5 (RED) renamed, a $2.6bn WA based gold miner that has lagged some of the majors. The stock struggled after last years FY24 result and forecast AISC of $A2,250-2450, not good enough for the market at the time but time and a strong gold price is a good healer. VAU has a strong balance sheet and is expected to enjoy cost savings and improved mining rates moving forward, plus like DEG it might find itself under the microscope of one of the majors.
- We like VAU looking for a retest of 50c in the short term: MM holds VAU in its Emerging Companies Portfolio.
MM is long and bullish VAU
Add To Hit List
