VML - Vital Metals

[peter2]

@barney What's the business connection between VML and JDR? I notice they have the same Company Secretary. The latest response to the speeding ticket had a mistaken reference to JDR not VML.

 

[barney]

@barney What's the business connection between VML and JDR? I notice they have the same Company Secretary. The latest response to the speeding ticket had a mistaken reference to JDR not VML.

Yeah well spotted Pete. I read the Announcement and didn't even notice

No connection that I know of other than Louisa Martino is Secretary for both Companies.

JDR had a please explain letter on 24th February, and VML's was yesterday.

Miss Louisa was obviously using her "standard" Form Letter to draft the VML reply, but forgot to change all the Ticker codes ... Oops!!

Maybe she owns a few VML shares and had a late night out celebrating with one too many vinos.

 

[over9k]

It wasn't one of those template responses was it?

 

[aus_trader]

Any guesses as to how far this pull back will go... ?
I am not talking today, but over the next few days I suppose, if it continues to decline.

If I knew in advance I'd put in a low ball offer to top up just at the turn-around level at the bottom of the pull back

 

[barney]

It wasn't one of those template responses was it?

Nah, Miss Louisa had all the info correct and appropriate to each Company, but forgot to change one of last weeks "JDR" tickers to "VML"

Nothing sinister in it at all, but she might get a ribbing from Luke Martino (her Husband I assume??) who is the JDR Chairman.


ps @aus_trader I'll do a rough Volume profile after the close to see where all the money went in today's trades. So far yesterday's .063 VWAP has been respected which is the first step in forming a new base.

 

[sptrawler]

The thing is IMO the USA /China issue isn't going to go away anytime soon, so rare earths are a problem, VML being situated in Canada will work well for the U.S.
From my basic understanding, if VML has a reasonable size resource, that can be mined and processed at a reasonable cost, it really is a no brainer.

I do hold.

 

[over9k]

Any guesses as to how far this pull back will go... ?
I am not talking today, but over the next few days I suppose, if it continues to decline.

If I knew in advance I'd put in a low ball offer to top up just at the turn-around level at the bottom of the pull back

Yeah my rebuy missed by 002 on the last one

I feel like it has more to drop yet. I base this on nothing but gut.

 

[barney]

Any guesses as to how far this pull back will go... ?
I am not talking today, but over the next few days I suppose, if it continues to decline.

If I knew in advance I'd put in a low ball offer to top up just at the turn-around level at the bottom of the pull back

Todays Volume profile still has the last two days VWAP at around .063

There was increasing Volume towards the lower levels, but that is where the short term weaker hands would be expected to liquidate today.

See how it pans out over the next couple/few days to see where the money is heading

A close at .063 or above on tidy Volume tomorrow will be positive. Under .061 not great.

I expect the .062-.063 level should hold for tomorrow at least.

Price Level	Volume Traded
0.071​	1000
0.07​	10000
0.069​	95000
0.068​	110000
0.067​	130000
0.066​	250000
0.065​	400000
0.064​	449928
0.063​	450000
0.062​	484888
0.061​	503747

 

[aus_trader]

Thanks for all the replies guys, so the pull back is underway and we are trying to tell the future by guessing how far it'll re-trace. Who'll get it right, who'll be close and who'll nail it to the pip (I mean to the nearest 100th of a cent ) ?

Let me try my very low tech chart analysis on this...

I think based on previous chart action it has a good chance of retracing back towards the previous resistance (now acting as support as technical guru's would say) around the 5.5c level.

The trend has certainly accelerated as can be seen by subsequent rising trend lines each time. So if the trend is strong it may ramp up the trend line further by having a shallow pull back before heading higher, time will tell... Watching with interest ?

 

[barney]

I think based on previous chart action it has a good chance of retracing back towards the previous resistance (now acting as support as technical guru's would say) around the 5.5c level.

Indeed Aus. I had the same level pegged as my absolute low of the current retrace.

In honesty, I will be disappointed if it gets back to 055 in the short term, based purely on the current "blue-sky" possibilities.

No rules at this early stage of course, so anything is possible.

If it does re-visit 055 however, positive buying action would be expected. If not/re-assess from there.

 

[frugal.rock]

If it doesn't get a wriggle on up to near 8 cent (or higher) this week, I'd be looking for a retrace to the ~0.052 or 53 approximate level.

 

[over9k]

I would've gotten out yesterday if my rebuy from a few days back had filled.

 

[barney]

Gotta love Blue Sky

Close above 7 would be excellent.

 

[frugal.rock]

I would've gotten out yesterday if my rebuy from a few days back had filled.

That's nice dear.

 

[frugal.rock]

If it doesn't get a wriggle on up to near 8 cent (or higher) this week,

Next stop 10 cent ?

Go @greggles ??????

 

[over9k]

Nice. Anyone sold yet?

 

[greggles]

View attachment 120825

Next stop 10 cent ?

Go @greggles ??????

I expected that VML would do well during March, but it has really surprised me. This share price increase has been above and beyond what I thought possible in the first three days of the month.

I note the very upbeat response to yesterday's ASX Price Query:

The Company is not aware of any reason or information which could be an explanation for the manner of trading in the Company’s securities over the aforementioned period. However, the Company notes its three announcements last week in which it is clear that 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.

The Company has confirmed that under the mining contract that has been entered into, it will undertake mining and crushing duringa single campaign between March and September 2021. Mined ore will be stockpiled for use in ore sorting operations which will be undertaken by the Group’s personnel during the summer periods of 2021 to 2023. It is anticipated that a second mining campaign will be required in 2024 to replenish stockpiles.

In addition, production of a rare earth carbonate sample within specification at the Nechalacho Project in the North West Territories (“NWT”) in Canada was confirmed.

The Company also notes that its projects and work programs centre on rare earths, which is a veryactive sector experiencing favourable market conditions and increasing international media coverage.The price of Neodymium has increased significantly from $97/kg on 24 February 2021 to $105.40/kg as of 1 March 2021 (source: Shanghai Metals Market (www.metal.com)).

Can it hit 10c by the end of March? After watching the very bullish price action over the last few days, I think it can.

 

[over9k]

It's caught media etc attention - the volume is massive now.

 

[barney]

For anyone who hasn't seen it, this Interview was recorded a little over 2 months ago and gives an insight into why the Market is probably waking up to VML's potential.

About the 5 minute mark of the Video, Jeff Atkins details the arrangement with ReeTec in which the two Companies are basically becoming partners encapsulating the complete Rare Earths mining and production cycle in which they both share in the profits.

We may well have the most equipped Speccie management on the ASX ..... exciting times ahead for these little battlers

Interview with Jeff Atkins Xmas 2020

 

[over9k]

4 members & 8 guests viewing this thread. I suspect it's gotten quite a bit of attention from non-members of late, hence the fomo pile-in over the past couple of days.

Will be interesting to see if many hold on to it from here on out.