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VML - Vital Metals

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Ultra high tech DD incoming:



Hard to say a range is developing when there's 8 days of virtually unexplained, including speeding-ticketed, data to work with, but I got the last support level right so I'm going to put the next one at about 072. I might put a couple of buys in around there and just sit on one and see if I can beer money day-trade the other.

I hate diverting the cash out of other quite productive assets but this looks like it's going to be too much fun not to.
 
Jeez the rare earths expert George Bauk didn't last long, appointed one week, gone the next.
 
So this thing took a round trip from 069-086-070 ON THE DAY today:



Which is A: hilarious and B: happened much faster than I'd expected. Anyone get a cheeky in & out order?

I might put a buy order in tomorrow as it does actually look like some kind of ranged trend now.

You can all obviously expect it to plummet in response.
 
Just home late to see the day's action after this morning's flurry.

First impression; Initially a little disappointed (I am human, lol)

However, once reality set in, not overly surprised.

Nothing really surprises me anymore with the Stock market.


Anyway ...... interesting price action.

Big Push this morning. The News was good, but in reality, not going to send this up and hold another 30% in a day!

I have a couple of possible short term scenarios that I think may eventuate, but lets see how the SP/Volume pans out over the next few days.

Family commitments so may or may not get time to throw up a Chart with some thoughts/possibilities (not that it really matters)

Bottom line for me personally at this stage;

We have Blue-Sky in place
We have an increased Market profile in general
We have Day Trader interest
We have something potentially way more valuable than the SP closed at today (in the longer term)

Hold till further notice
 
Alright I'm back in at 070.

Expect the price to drop now.
 
over9k said:
Alright I'm back in at 070.

Expect the price to drop now.
Click to expand...

It could well do that O9.

Lots of questions unanswered till we see a bit more price behavior.

My random thoughts below:


 
over9k said:
Close at 067. Told you it would drop
Click to expand...

Under 065 may require some (SHORT TERM) reassessment, depending on each punters "Stop" levels and Time frame.

Otherwise, Wait for 10 cents like I am (and hopefully higher)


Time is an under rated factor in how we punters should trade the market (in my view)
 
I'm just wondering how the poor bastard that bought at 086 is feeling. 20% drop on the day and still going.
 
over9k said:
I'm just wondering how the poor bastard that bought at 086 is feeling. 20% drop on the day and still going.
Click to expand...

You never know O9

He may well have been the same guy selling at 082-085 on the way up
 
I was actually very surprised at the second half of today's price action.

Positive to say the least. Could be FOMO of course, but it looked a bit more definitive.

Another Announcement early next week might explain, but that is just a guess.

There is some speculation in the air of another off take agreement, but that might be a pipe dream given the ReeTec agreement is top shelf.

On the flip side, SRC would obviously have been part of providing the recent sample to send to ReeTec, so if the Canadian Gov joins the VML/ReeTec party ...

Look out

Pure speculation on my part so please don't give too much credence.


 
barney said:
On the flip side, SRC would obviously have been part of providing the recent sample to send to ReeTec, so if the Canadian Gov joins the VML/ReeTec party ...
Click to expand...

What's SRC ?
The late run gave a nice late boost to a flattish week.
Heck, even @over9k might be in profit now... unless panic set in shortly after buying?
Cheers
 


No no no barney, this is my ultra sophisticated trading-range DD paying off.

See, here's my post from before:



And here's now:



Right on trend see


frugal.rock said:
What's SRC ?
The late run gave a nice late boost to a flattish week.
Heck, even @over9k might be in profit now... unless panic set in shortly after buying?
Cheers
Click to expand...

Saskatchewan Research Council.

Yes I've held. Should've added some more at 065 tbh.
 
frugal.rock said:
Maybe it's like Bigfoot? Here's Barney at 100 yards...
Click to expand...

Fair dinkum, I leave the room and you guys go silly

Just home from spending a few hours somewhere I would rather not have; and no it wasn't the Police station FR.

Today's close was certainly interesting. Not sure how long it will take ReeTec to analyze the 12kg sample sent, but confirmation of that being the quality expected is likely the next important announcement. Confirmation would put a rubber stamp on successful Production being achieved and definitely give the SP some solid foundation.

The Company's last announcement also indicated they will be producing more samples for other prospective customers. Not sure what terms they will offer other customers, but given the ReeTec arrangement is more a collaboration agreement (mutually beneficial), you would think they will be looking for similar arrangements to maximize profits.

Ticking away like a swiss watch at the moment.
 
Thanks for the link DF. Do you have an AFR subscription to post the whole report by any chance?

A mention in AFR certainly won't hurt VML's profile!
 
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