VML - Vital Metals

[barney]

$29 million in turnover. I doubt we punters on ASF are affecting the turnover a lot O9

Current VWAP today is still about 7.6 cents I think .... If it closes at that or higher it has been a big day.


Final VWAP of the day by my calculations = 0.076732349

Close was almost bang on the VWAP. Solid.

​

 

[peter2]

Emotions going up and down with every tick. Check.
Looking for any information to confirm your opinion. Check.
Ignoring information that doesn't support your opinion. Check.
Hopes and dreams flooding thoughts. Check.
Primitive brain (amygdala) totally activated. Check.

@barney All the symptoms of a day trader. Welcome buddy.

 

[barney]

Emotions going up and down with every tick. Check.
Looking for any information to confirm your opinion. Check.
Ignoring information that doesn't support your opinion. Check.
Hopes and dreams flooding thoughts. Check.
Primitive brain (amygdala) totally activated. Check.

@barney All the symptoms of a day trader. Welcome buddy.

Lol. Nah, it probably seems that way Pete. Heart beat has been very stable all week lol. If it ever sneaks above 10.5 however, that could cause the odd palpitation! Always been a long term hold for me so the Day Traders having fun is just part of the game.

ps Its nice to have some company on this Thread ... I talked to myself for 2019 and half of 2020 lol.

 

[frugal.rock]

It's not looking like the music is over yet....very interested to see how tomorrow and Friday play out, and then there's Monday.
I note when RareX (REE) popped early October last year, it took around 6~7 trade days to go from 0.07 to 0.17 and volumes were around 1/3 of what is being seen with Vital.
I expect current volumes are some amplification from the current market being a little ordinary or sideways style, and Vital standing out.
This situation could play out in further volatility.

The EOD chart really makes this breakout look like it's just getting started....a wait and see case though.

 

[over9k]

Meanwhile, here I am wondering if yesterday's run made all the normies dive in today and we can expect a nosedive once all the mania is over.

With it making news etc it's very possible it was a FOMO pump. Not certain, but possible.

 

[frugal.rock]

Morrison expected to announce today $1 billion injection into precious metals/ rare earths production in Australia. (unconfirmed details)

 

[over9k]

@frugal.rock where'd you hear that?

 

[frugal.rock]

Morrison expected to announce today $1 billion injection into precious metals/ rare earths production in Australia. (unconfirmed details)

@frugal.rock where'd you hear that?

ABC.
I got my wires crossed from a pre-announcement though it would seem.
Was some JV for lithium ion battery factory/ factories near Newcastle, NSW.
Rare earths importance was mentioned, but not the focus.
Apologies.
Note to self, Always best to hear it from the horses mouth before you flap your gums.

 

[over9k]

All good, I didn't buy based on it. VML now 13% off the peak and searching for a floor so it might actually be time to think about rebuying. Lots of buy orders around 065-066 so that looks like a possible support level now. It was also about where it pulled back to after the first spike a few days ago, probably not coincidentally.

 

[barney]

I got my wires crossed from a pre-announcement though it would seem.

Nah, you weren't far off the mark Rock.

@frugal.rock where'd you hear that?

Reported in Mineral News yesterday.

 

[frugal.rock]

Lots of buy orders around 065-066 so that looks like a possible support level now

It closed on 0.066 yesterday, so you were on the money. MD can be very ice bergish.
A buy yesterday was achievable on 0.065 if nimble or standing order was in place.
Will be interesting to see what happens today out of the lead in from the apparent "mother" (fo) country.

 

[over9k]

A massacre, I suspect. I just made a post in the economic implications of the virus thread. Dunno how much cash you keep, but this is a hell of a dip to take advantage of.

 

[over9k]

Positive open while everything else has gotten smashed. Good start. In my mind I was thinking about a rebuy on monday. We'll see!

 

[barney]

Obviously I own this Stock and have a vested interest in if it does well

That aside, I think I am pretty honest in my appraisal of how it has done in the past and where it might be heading.

Today's price action on a day when most Rare Earth Stocks, and the Market in general, was pretty ordinary,

Was at the very least, promising (in the short term)


Today we had 064 determined as a short term LOW

And 069 as a short term (and fairly strong) short term HIGH of Today's Range.


I have no idea where this will be well into the future, but Today told me that the Traders will sooner rather than later push this back to around Wednesday's Close at 078

What happens after that I have no idea, but anyone sitting on a bad entry should have a chance to escape in my opinion

(Not advice obviously)


Todays VWAP out of interest was 0.06891

Happy to hold and ride the fluctuations at this point


ps At the risk of burning in hell for ramping unceremoniously, LOL


Go @greggles in the March Monthly Comp

 

[barney]

I have no idea where this will be well into the future, but Today told me that the Traders will sooner rather than later push this back to around Wednesday's Close at 078
What happens after that I have no idea, but anyone sitting on a bad entry should have a chance to escape in my opinion

As expected it had the jump at the Open. Supply came in around 075-076.

Another good Announcement this morning. All on track at the moment.

12KG Sample ready to send to ReeTec

 

[over9k]

So did anyone take the jump or are everyone holding fast?

 

[sptrawler]

So did anyone take the jump or are everyone holding fast?

There is a hell of a lot of volume.

 

[barney]

So did anyone take the jump or are everyone holding fast?

More roller coaster to come but I'm strapped in for the ups and downs.

10 cents per share (approx $300 million market cap) has always been my initial longer term target. I'm in no hurry.

 

[barney]

There is a hell of a lot of volume.

Last Wednesday with almost 250 million shares traded is what Tech would call his VC bar (Volume Control)

Today's Volume is getting up there.

If last Wednesday high (082) gets taken out and forms support, it will start to look interesting. (Being tested as I typed )

 

[over9k]

Well we're up to 086 and counting

Some serious FOMO going on I suspect. The last few days have been pretty wild. Another speeding ticket due now I suspect.