VML - Vital Metals

[over9k]

My guess is Australia as well, the U.S wont want China to get hold of our mineral base.

BHP & RIO are already making huge, partnered moves, into the U.S with copper:

https://en.wikipedia.org/wiki/Resolution_Copper#:~:text=Resolution Copper (RCM) is a,the now inactive Magma Mine.

Copper being the other big one besides lithium that the EV revolution is going to demand obviously.

 

[over9k]

For those interested in what the U.S is doing from a strategic trade standpoint (and how they're doing it) going forward (especially with regards to their neighbours) this is a half hour that it well worth a watch:

 

[waterbottle]

For those interested in what the U.S is doing from a strategic trade standpoint (and how they're doing it) going forward (especially with regards to their neighbours) this is a half hour that it well worth a watch:

Interesting video. Admittedly, I stopped at ~25min because I didn't think he had enough follow-through. It started off with an interesting premise - the collapse of globalisation with consumption winding down courtesy of our aging demographics. But this is something that I've watched/read/heard many times over the past 10 years... Still hasn't happened.

 

[sptrawler]

Interesting video. Admittedly, I stopped at ~25min because I didn't think he had enough follow-through. It started off with an interesting premise - the collapse of globalisation with consumption winding down courtesy of our aging demographics. But this is something that I've watched/read/heard many times over the past 10 years... Still hasn't happened.

IMO the only reason consumption has dropped over recent years, is due to the fact a lot of technologies have matured e.g phones, computers, fridges, t.v's, sterio's, cars etc, also the life cycle has improved on most of the afore mentioned products.
With the advent of EV's, I think it will actually open up another growth period, it may well lead to consumer products that as yet haven't been thought of, AI and EV's will have a lot of integration opportunities I think.
As for the aging population reducing their spending, I think the perfect storm is coming, with parents spending the kids inheritance.
The suggested changes to franking credits last election, followed closely by the lack of travel opportunities due to the covid virus, will have struck a cord with older Aussies IMO and a lot of older Aussies will have had a lot of time to ponder their mortality.
Can't wait to see the bureau of statistics analysis, in a couple of years.
Just my thoughts.

 

[frugal.rock]

Copper being the other big one besides lithium that the EV revolution is going to demand obviously.

I can't help thinking that if energy providers world wide run with energy storage, ie inline lithium batteries- big ones- to stabilise base loads, it could be bigger than the EV market....
Wind can blow 24 hours, suns up most days etc.
I'm of the opinion that Vital Metals (VML) and Bass Metals- Graphite- large flake (BSM) will be doing quite well out of all of this on a medium to long term basis.

 

[barney]

I'm of the opinion that Vital Metals (VML) and Bass Metals- Graphite- large flake (BSM) will be doing quite well out of all of this on a medium to long term basis.

If the ducks keep flying in the correct direction I agree Rock.


Current Price action on VML suggests a Trading Range will develop without News to bump it along.

Fortunately, there should be more news flow soon.

Hopefully the new big-wig Investors don't have too much say in how Geoff and the boys play the game.

I guess it's not unreasonable to expect $43 million might give them a bit more clout in the Boardroom than the average punter.

Musings below:

069 Low looks important in the short term

Medium term I am hoping the 10 cent level becomes the LOW we become "concerned" about, lol

 

[barney]

Current Price action on VML suggests a Trading Range will develop without News to bump it along.

069 Low looks important in the short term

Behaving as expected for now.

069 Level being tested

The Supply side looks to be thinning

No news will see much of the same

A quick jump back to 080 on a sniff of good news will not surprise though

 

[rnr]

Behaving as expected for now.

069 Level being tested

The Supply side looks to be thinning

No news will see much of the same

A quick jump back to 080 on a sniff of good news will not surprise though

View attachment 121822

@barney, maybe the possibility of a bounce after a minor pullback?

I do not hold. Cheers Rob

 

[frugal.rock]

ASX / Media Announcement
26 March 2021

VITAL METALS COMMENCES MINING OPERATIONS AHEAD
OF PRODUCTION AT NECHALACHO REO PROJECT

HIGHLIGHTS
• Contract mining fleet mobilises to Vital’s North T Zone deposit at Nechalacho commencing
mining operations

• Vital is on track to become the first REE producer in Canada and the second REE producer in North America

• Production and working capital fully funded by equity after the success of our recently announced placement which raised $43m

• Contractor Det’on Cho Nahanni Construction Ltd will complete site establishment, mining,
crushing, screening and other works at Nechalacho

• Ore sorter and other equipment to be transported to site by the end of March 2021.

Held tightly.

 

[waterbottle]

Lets see how we go.

This is great news. The company seems to be hitting its goals, demonstrating their reliability.

 

[barney]

@barney, maybe the possibility of a bounce after a minor pullback?

I do not hold. Cheers Rob

Sorry Rob @rnr Missed your post. Been off the air a bit last few days.

Yeah I think a bounce is inevitable, but the length/depth of the current retrace is an unknown of course

The Market Depth (which can be very unreliable) suggests Supply is thinning

We do keep getting edged down a notch at a time on the SP however, but that indicates accumulation (in my opinion)

If 066-065 does get tested I think we would see some serious Volume hit the buy side at that level

Once we get a couple of low range low Volume days at the current levels I reckon it will be time to move up again.


Plenty of Media cropping up everywhere about VML. This was on Stockhead about 15 hours ago.

Nothing we don't already know but still good "publicity"

 

[barney]

Also released today on "Paydirt"

Latest Interview with Geoff Atkins

 

[Sean K]

Behaving as expected for now.

069 Level being tested

The Supply side looks to be thinning

No news will see much of the same

A quick jump back to 080 on a sniff of good news will not surprise though

A bit of a flag forming there Barney. Holding support at the moment.

 

[barney]

A bit of a flag forming there Barney. Holding support at the moment.

Yeah it is looks ok from a technical point Kennas.

After such a steep rise and $43 million cap raise at 065, a bit of a rest is to be expected

065 looks the line in the sand now of course. Any extended accumulation around that level is fine with me ?

A 50% rise from 065 would get very close to the 10 cent level which is kind of where I have had it pegged to reach

10 cents gives approx $300 million market cap. I think that is achievable within the short/medium based purely on potential.

Plenty of ups and downs still to come of course



Two of the Substantial Holders in the recent cap raise:

Thebes Offshore Master Fund/ Luxor Capital Group

Transocean Private Investments (Owned by James Henderson who is also a Company Director of VML)

Always a vote of confidence when a Director stumps up +$13 million from his private Company

 

[frugal.rock]

Always a vote of confidence when a Director stumps up +$13 million from his private Company

My vote of confidence, I stumped up 0.157 % of $13 million today...haha, a top up at $0.067

Order flow was trying to pull the supply out, hopefully it keeps moseying on up from now.

 

[barney]

My vote of confidence, I stumped up 0.157 % of $13 million today...haha, a top up at $0.067

Lol, Well done Rock

I actually got a grade 1 in 2 Unit Maths, but I have no idea how many Shares you bought, lol

Long time since I went to school

However, if you don't make a few bob out of your 067 Buy over the next few weeks or so, I'll make up the difference

 

[barney]

@barney You drew my attention to it at 1.3cents. Thanks for that and i owe you one.

Out of curiosity @Austwide are you still in ??

I hope you are

 

[over9k]

Lol, Well done Rock

I actually got a grade 1 in 2 Unit Maths, but I have no idea how many Shares you bought, lol

Long time since I went to school

However, if you don't make a few bob out of your 067 Buy over the next few weeks or so, I'll make up the difference

about 20k worth

 

[barney]

Bit of a late surge on VML and a couple of other R/E Stocks this arv. Interesting

 

[frugal.rock]

Had a standing sell order in on 0.077 and found at 4:05PM that it had been touched with around 4800 shares sold out of the 300k on order.
(Was going for a swing trade on the way up and I hold more in another portfolio.)

I was a little flummoxed and then the penny dropped.
The demise of GGG ... causing a ripple through the rare earths world.
I think VML is in a great position to capitalise on these unusual, but not unforeseeable events.

I yanked my order off the market quick smart.
That 15 cent target is getting closer. Giddy up.
?