VML - Vital Metals

[sptrawler]

Yes perhaps. Particularly given the geopolitical moves and the recent IPCC report on climate change.

May be the case of an educated gamble, if the sector takes off, the big players will move into the space and cheap buys will disappear.
Just have to be careful they don't buy a bunny, or overstretch.

 

[aus_trader]

May be the case of an educated gamble, if the sector takes off, the big players will move into the space and cheap buys will disappear.
Just have to be careful they don't buy a bunny, or overstretch.

Although my stake is very small, I hope that it's a well thought out purchase with proper due diligence... ?

 

[Beaches]

I wonder if they are going to use script, or some of the $35m cash at hand?

From the Fin Review article:

Vital Metals is expected to pay about $8.5 million for the projects, and try to turn them into producing assets.​

​

Unlikely to want a cap raise for this

 

[barney]

From the Fin Review article:

Vital Metals is expected to pay about $8.5 million for the projects, and try to turn them into producing assets.​

Unlikely to want a cap raise for this

Yeah agree @Beaches $8.5 million is not a big tax on the Company at the moment. More research to do yet but I'd guess a combination of Shares/Options and Cash to do the deal

Depends on the Sellers current circumstances. Geoff and Co have been spot on with picking value so far so I'd expect the price they are paying is at a well discounted rate.

My other thought is that Wilgu Hill has probably thrown up too many "political" hurdles to be worth the hassle

So they may have decided to look elsewhere for "Stage 2" back up.

Pity it wasn't a T/O of Avalon but that was a bit of wishful thinking on my behalf

 

[barney]

The ...
target is understood to be a 68 per cent stake in the Kipawa Rare Earth project and 100 per cent of the Zues Rare Earth project, both located in Quebec and owned by TSXV-listed Quebec Precious Metals Corp.

Vital Metals is expected to pay about $8.5 million for the projects, and try to turn them into producing assets.

Good deal by the VML boys as expected. $150,000 deposit and $2.35 million for the first 12 months. Staggered payment gives control with minimum cash stress.

 

[barney]

QPM decision certainly being appreciated by the Market.so far tonight.

Hopefully VML will receive similar appreciation when the TH is lifted

 

[wabullfrog]

VML is back trading again, @barney will be eating steaks again soon if initial bounce is any indication .

https://wcsecure.weblink.com.au/pdf/VML/02405866.pdf

 

[barney]

VML is back trading again, @barney will be eating steaks again soon if initial bounce is any indication .

Lol .... Praise the Lord ... I was starting to get tired of these

 

[Garpal Gumnut]

Lol .... Praise the Lord ... I was starting to get tired of these

View attachment 128854

Up 9.836%

I was hoping for at least 9.837%

gg

 

[barney]

This has given the fringe holders and Traders a chance to liquidate of course. Plenty of Supply hit the highs a while ago.

Hopefully the Open of 067 will hold by the Close. As I typed 067 got wiped to the sell side ... Not unexpected

 

[Garpal Gumnut]

This has given the fringe holders and Traders a chance to liquidate of course. Plenty of Supply hit the highs a while ago.

Hopefully the Open of 067 will hold by the Close. As I typed 067 got wiped to the sell side ... Not unexpected

Agree. That is breakeven for many chartists just on my reckoning.

gg

 

[Dona Ferentes]

Lol .... .. I was starting to get tired of these

As was your immediate family. (one upside of lockdown, keeping our distance)

 

[barney]

As was your immediate family. (one upside of lockdown, keeping our distance)

Lol Indeed DF

 

[barney]

My short/medium term chart assessment. Not all beer and skittles but definitely behaving as expected.

Traders Selling into the gap - There will be punters who have bought the "enthusiasm" but may now get squeezed a little by the profit takers/sellers etc. All normal given the recent Chart action, and nothing sinister in it.

Today's late trading to the Close will tell the real story.

I'm hoping to see accumulation throughout the day, then a bump of a couple of points higher into the Close. We shall see what eventuates.

 

[barney]

Just hanging around to get my "Jab" later this arv so amusing myself drawing pictures

1 Minute Chart backs up my above thoughts - A Close at 068 or better would have a good look about it. Back under the Gap, not so good.

 

[over9k]

Yep, VML doing well lately. Glad I topped up (for now).

 

[bullriding]

Just hanging around to get my "Jab" later this arv so amusing myself drawing pictures

1 Minute Chart backs up my above thoughts - A Close at 068 or better would have a good look about it. Back under the Gap, not so good.

An average looking 0.067 finish to the day

 

[barney]

Hopefully the Open of 067 will hold by the Close.

An average looking 0.067 finish to the day

Overall not too bad in the overall scheme of things Bull (bear in mind I wear rosy glasses with this stock)

Ok maybe I drink rose coloured glasses, but similar effect!

 

[barney]

Being a bit more sensible, My take away points from current price action:


1) Held the gap-open price of 067 (good)

2) Gap was technically filled back to 063 from Monday, and Monday was also a healthy up-day (positive)

3) Similar High Volume to 26th May but still closed 2 ticks higher (good)

4) VWAP was a whisker over .067 (the gap-up Open) on High Volume

5) + $11 million traded (Plenty of punters happy to change hands at the VWAP) (good given the last few days rise)

6) Fundamentals have improved after today. Company continues to deliver results


Now, all my apparent positivity (unsolicited ramping ) aside,

Obviously some form of retracement after today is a reasonable expectation

Hopefully .063 is now the Support benchmark until further developments come to hand, but realistically,

If .060 holds for the short term, it will look pretty normal.

I'm looking much further forward than currently. News later in the year of the "Extraction Plant" being successfully commissioned is something to look forward to, but we are still in very early days to see just where this can go.

 

[over9k]

So a classic bounce followed by slow melt until something makes it bounce again.