VML - Vital Metals

[aus_trader]

OK guys, I topped up...

 

[over9k]

What's your reasoning for a buy now?

 

[aus_trader]

Same reasons Barney has been telling us in the past, like top management who ran Lynas which is the biggest Rare Earth producer in the country, good grounds where the deposit is located and offtake agreement in place etc. etc.

 

[frugal.rock]

OK guys, I topped up...

View attachment 119460

That's not a top up, this is a top up....
400,000 of em yesty @0.040

 

[aus_trader]

That's not a top up, this is a top up....
400,000 of em yesty @0.040

See what I mean @over9k ?

My purchase is a drop in the ocean

 

[frugal.rock]

Am wondering what the cycle and wave gurus are thinking of as a technical analysis for Vital for the near future ?

It certainly has picked up in volume and momentum from around the middle of Jan which must change the ratings somewhat....?
Am expecting a proper breakout soon enough...

 

[barney]

Not sure about the "Waves" but I was looking at the 1 minute Chart earlier Rock @frugal.rock

I had 045 pegged as a fairly established short term point of support.

Today has been a bit of surprise with some big chunks taken at 046 and just on a 1 million BUY went through a few minutes ago at 048

A close at 048 on Volume would be very well accepted thank you kindly, lol

 

[over9k]

There's just been too much chop through all this gamestop BS etc to have any idea of trend yet. I should like to think that the friday selloff will be telling, as there's always those speculative stocks that go first if the markets get even the slightest jitters and this is definitely one of them.

The one positive sign is the volume - there's definitely a lot of interest in this now.


If any of you guys want to take out a short position, I'll put a buy order in at market price for you so you can be sure of your bet.

 

[over9k]

Alright, it just cracked the 20 EMA and I now have a buy order in for 037:

So expect it to bounce tomorrow.

 

[frugal.rock]

So expect it to bounce tomorrow.

From the retracing price action over the last few days, am expecting it to move again today, just not expecting a downward move.
Will be watching and will be happy to top up again around $0.043 after having lightened the load after recent highs...
From its recent ranging, I am still expecting a breakout.
A recent intraday high was a ~20% move

 

[over9k]

Yeah exactly. I'd get a few cheeky day trades in if it could develop a range or something.

 

[over9k]

Alright looks like we've finally settled in and done so at the previous level before all the carryon a fortnight ago (how surprising).

The question from here is working out what will be the next bit of news to kick the volatility off again.

 

[rnr]

Same as before in that the above chart is just my take on a potential wave count for VML which may be of interest (obviously still no guarantee on the accuracy).
Cheers, Rob

 

[barney]

Same as before in that the above chart is just my take on a potential wave count for VML which may be of interest Cheers, Rob

I hope you are right again as you were last time Rob

 

[frugal.rock]

The question from here is working out what will be the next bit of news to kick the volatility off again.

If I'm not mistaken, the tree has been well shook.
Anticipating what Rob said, on lowish volume, less ranging, a steadier more sustainable pace building up to a catalyst that breaks up to 10 cent area.
Just my

 

[barney]

I suspect the Rotation I was expecting earlier might still be on the cards.

My Post about 3 weeks ago has finally come to light, unfortunately.

Not exactly loving the recent price action, but the Buying demand has dropped off so the Sellers and Profit takers have dragged the price down ..... (Can't fight Gravity!)

Anyway, the current Market Depth indicates support at 039 and the Chart says support at 038

Longer term, I don't see 038 as a problem, but I'd like to see some Buyers surface at these levels and push the SP back over low 40's at least.

First Chart is from 20th January:

Second Chart is 13th February (Hourly)


20th January 2021

View attachment 118716

13th February 2021

 

[over9k]

My order's in at 037.

 

[barney]

Positive Announcement from Jeff Atkins and the boys at VML today detailing the Stage 2 plan for the Project. Drilling to start to upgrade the resource for an initial 10 years as previously indicated.

SP has not moved but probably be another 20 million shares digested today. I wont be surprised to see the Volume bump up towards the end of the day.

There are a lot of options/performance shares that need to filter into the register in the medium term, but I'm happy if Jeff and Co become filthy rich given they have aligned their potential wealth to performance of the Company.

Once Stage 1 Production is proven by the end of this year, and the Stage 2 figures are signed off on by ReeTec, 4 cents will be a distant memory I expect. Of course I am wearing my rose coloured glasses, but they are prescription lenses

Boardroom Media Interview with Jeff Atkins re todays Announcement

ASX Annoucement

 

[sptrawler]

@barney watch the price crash now, I'm in. ?

 

[barney]

@barney watch the price crash now, I'm in. ?

Lol ........ Thanks Homer