VML - Vital Metals

[frugal.rock]

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

Ho hum, that means it must be time to buy Mincor again as well...

Nickel for a tickle?

 

[barney]

Ho hum, that means it must be time to buy Mincor again as well...

Nickel for a tickle?

Lol...... MCR at $0.95 cents is a good deal That is definitely not financial advice!

VML at .040 looks fairly low risk for a medium term trade ... That is also not financial advice

 

[barney]

Little bit of positive movement at the station today. Been looking likely for a few days.

Not complaining, but above 048 will have a better feel about it and plenty of work to do to break the recent high around 054-055

 

[frugal.rock]

Not complaining, but above 048 will have a better feel about it

Well, you're gonna have to live with 0.047 tonight.
Would've seen 0.048 but to many people want to trade it rather than withdraw supply....
I note lynas had a good day too...

 

[barney]

Ticking away nicely.

VITAL SIGNS CONTRACT TO COMMENCE MINING AT NECHALACHO IN MARCH 2021

Full Announcement

 

[barney]

The SP has been in a Ranging pattern lately which is understandable given the recent rise and SOI.

Regardless of what the SP does today, today's Announcement is fantastic.

These boys know what they are doing and this is just the start. Very exciting times for long term holders

Part of the Ann:

HIGHLIGHTS • Vital has produced rare earth carbonate sample which satisfies target impurity levels agreed with REEtec

Full Announcement

 

[barney]

Equipment on site and on the way. Production still on target for Q2 this year according to management. That will be some kind of record if they deliver on that time frame.

HIGHLIGHTS

• Vital is on track to commence rare earth production at the Nechalacho Project, Canada in Q2 CY21, making Vital the first REE producer in Canada and only the second producer of REE in North America
• Ore sorter is currently in storage in Yellowknife, awaiting delivery to the Nechalacho site in March 2021
• Ore sorter substructure has been delivered to site and awaiting final placement
• Fabrication of feed hoppers, stackers and conveyors is complete and awaiting transport to Nechalacho
• Other equipment and infrastructure including air compressor, receivers and dryer are also ready for transit.
• Neodymium prices continue to rise trading above US$100/kg


Full Announcement

 

[aus_trader]

One of the only stocks doing OK in a heavily sold day at the markets...

 

[barney]

Yeah I have to say Aus (@aus_trader ) I was not expecting today's little flurry.

Most Rare Earths Stocks that I watch are down today except for Lynas and VML.

Hopefully there is some weird cosmic correlation happening with their eventual Market Caps, lol

If it can sneak back above the recent 055 high, it might do a little kangaroo imitation.?

Hopefully followed by an Ostrich imitation? (best I can do)

Still some work to do for that though.

 

[barney]

I don't have access to Market Profile data so I sometimes do my own raw interpretation based on the various levels/course of trades during any given day.

I didn't post a couple of days ago, but the 046-048 level was being well supported Volume wise

Todays Trading also threw up some interesting numbers. See below:

Level Traded	Amount Traded
$0.051​	$506,952.00​
$0.050​	$1,070,000.00​
$0.049​	$193,661.00​
$0.048​	$538,510.00​
$0.047​	$656,022.00​
$0.046​	$343,680.00​
$0.045​	$12,375.00​

The 046-048 today was well supported early (yet again);

Followed by what could almost be considered a jump of the 049 creek. ?

There were more Shares traded in the 050-051 than there were in the whole of 045-049 (Interesting)

The current price action indicates 046 Should be the line in the sand for the short term.

None of the above determines the SP will immediately rise from here of course, and rotation back to 046 will not surprise.

However, the foundation looks to be being set for the next push higher ( in my view) We shall see over the next week or three

 

[greggles]

However, the foundation looks to be being set for the next push higher ( in my view) We shall see over the next week or three

I'm liking the look of VML, and think it will head higher during March. Apparently it's trading at 5.8c on the German exchange.

Demand for rare-earth elements in only going to increase in 2021 and the US is looking to source supply from countries other than China.

Australia has a key role to play in reducing China’s rare-earths dominance | The Strategist

US President Joe Biden has just signed an executive order launching a comprehensive review of America’s critical supply chains for strategically significant products and resources. Among those are rare-earth elements, supplies of which the Biden ...

www.aspistrategist.org.au

It looks and feels bullish at the moment and I'm convinced it will have a good March.

 

[barney]

I'm liking the look of VML, and think it will head higher during March. It looks and feels bullish at the moment and I'm convinced it will have a good March.

I hope you are correct @greggles , lol.

I am hoping that March 2022 might be even more impressive than March 2021

I have a sizeable stake invested in VML. It's an educated "punt" with a longer term view, but Spec-land can be unpredictable of course!

 

[sptrawler]

R

My comments are in coloured ink above.
You need to do much better with the information you present.
As we are not yet 6 weeks into Biden's Presidency, it's a bit early to know what impact his decisions will have in coming months and years.
All the hard policy decisions remain undecided, as Biden is adopting a position of review to determine what actions are best.

I hope you are correct @greggles , lol.

I am hoping that March 2022 might be even more impressive than March 2021

I have a sizeable stake invested in VML. It's an educated "punt" with a longer term view, but Spec-land can be unpredictable of course!

Just let me know when to bail out barney .lol

 

[barney]

Just let me know when to bail out barney .lol

Will do Homer

At 10 cents per share they would have a Market Cap of around $300 million.

If everything goes to plan, i think that is a reasonable target for them to achieve in the medium term.

There will be a lot of roller coaster rides on the way of course.

The next level for "punters" however will probably be the 6 cents level (20% rise from last week's close)

 

[frugal.rock]

The next level for "punters" however will probably be the 6 cents level (20% rise from last week's close)

Done. Next stop 10c...lol.

Nice timing for the comp @greggles

 

[frugal.rock]

Just let me know when to bail out barney .lol

I reckon about April next year...
not advice

 

[barney]

Done. Next stop 10c...lol.

Lol ..... That was quick ?

Its always nice to have the big rising days, but the inevitable rotation will happen.

A close at 058 or above today would be brilliant.

 

[over9k]

Hell of a move today. This thing's very choppy. Might be my new day-trade stock. No real range developed though so bit of a lucky dip.

 

[frugal.rock]

Might be my new day-trade stock.

Good luck with that.
Am personally happy to put the feet up and enjoy the ride rather than be a dick for a few ticks....

 

[over9k]

Insert "why not both?" meme here.