VML - Vital Metals

[barney]

Given I backed out of having my "jab" today (had the sneezes etc last few days so didn't want to tempt fate etc.)

I have had extra time to re-attach my rose- colored glasses so I can "ramble on" about why VML is the trade of a lifetime, lol

In reality, it has done brilliantly, but I do expect some "consolidation" (another word for frustration if you hold


With my glasses on however, there is some chance (assuming the US/Canadian investors get on board)

That VML could possibly break the 8 cent shackle and forge higher earlier than expected.

I actually really don't mind that much as I am hanging in for 10 cents + but my obsession stops me annoying my wife! Win-win!

 

[barney]

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

Yeah possibly so O-9

Although given how these chaps are delivering on a regular basis, I prefer to hold rather than trying to trade the dips

 

[sptrawler]

Another leg up for rare earths, in the U.S, even the doubters must be starting to think.

US House bill would give tax credit for rare earth magnets

The bill is the latest in a string of U.S. legislation attempting to cobble together a national strategy to produce more lithium, rare earths and other strategic minerals.

www.mining.com

 

[aus_trader]

Another leg up for rare earths, in the U.S, even the doubters must be starting to think.

US House bill would give tax credit for rare earth magnets

The bill is the latest in a string of U.S. legislation attempting to cobble together a national strategy to produce more lithium, rare earths and other strategic minerals.

www.mining.com

Great article @sptrawler , I also saw VML purchase covered on that site...

Canada’s first rare earth miner in trading halt on expansion rumours

Vital Metals is reportedly in final talks to buy two projects in Quebec, one of which may be the world’s fourth largest dysprosium deposit.

www.mining.com

 

[sptrawler]

I must admit, I'm tempted to dip in for more, what is the old saying "faint heart, never won anything", or something along those lines. ?

 

[aus_trader]

Having a good day ?

 

[barney]

Having a good day ?

Indeed Aus.

The boys have come at it after lunch. Hopefully its not the tequila talkin, lol.

 

[barney]

The "standard" Inside Day today by the looks. Would have been a bit unusual if we didn't have that

Be nice to see the 070 hold as an "accumulation support level" over the next couple of days

If not, 068 is still in the ballpark but under that in the short term would not be ideal.

 

[barney]

If not, 068 is still in the ballpark but under that in the short term would not be ideal.

Just home to see a fair bit of "Bear" in the market today, including VML

Not an attractive couple of days but it is what it is

When you mix punters holding profits with a little fear, things can get ugly fairly quickly

Have to find that can opener again. Beans might be back on the menu 060 looks on the cards unless something changes.

 

[barney]

060 looks on the cards unless something changes.

And so it came to pass

Now that we have that out of the way, the Market Depth looks very thin. Be interesting to see if much Supply comes in from off screen

I'm backing another push this week. Back above 062 is the first step. (Hourly Chart below)

 

[barney]

I'm backing another push this week. Back above 062 is the first step.

Positive price action today was on Low Volume. Good but not definitive

VWAP a little over 064 with the late push higher coming at the Close (Inside day tomorrow likely?)

All looks fairly normal (Hourly Chart showing today's move back above 062 )

 

[barney]

You tube video posted 24 hours ago.

Nice update up of the Company's position/strategy by MD Geoff Atkins.

Impressive what they have achieved in a short space of time


Geoff Atkins update VML

 

[spratty84]

Cheers barney great interview

 

[aus_trader]

Great stuff @barney I really like their thinking in that they got the "proof of concept" plant up and running in a very short time and once that's given the confidence, it's over to scaling up...

The recent acquisition should help to increase the mine life and add to the existing resources I think. So that addresses the little concern I had before with respect to the size of the existing resource.

 

[waterbottle]

Looks like the share price has fizzled out over the past few weeks.

Although VML are due for some sort of market release soon...

 

[aus_trader]

I think the whole RE sector is down.

ARR, NTU, REE, ASM even LYC are down.

Anyone looked into the sector and found any other rare gems other than VML (I hold some VML shares thanks to @barney doing the research and sharing with ASF members here).

Not to take the limelight away from VML in any way, I will continue to hold till @barney starts to cash in his chips or I need the money for an emergency. But I thought to use this market downturn to stuff the Christmas stocking with maybe one other RE stock, or two

...umm for a bit for diversity I suppose.

 

[barney]

I will continue to hold till @barney starts to cash in his chips or I need the money

I traded a few early on when accumulating Mr @aus_trader but still holding all my chips from the last year or so.

I still have 10 cents pegged as my initial target level. May cash in 10% at that stage to pay some bills but also may not depending on PA.

6 cent Support level should hold but nothing is set in stone with all the world jitters at the moment

I'm hoping for a short "accumulation" phase followed by a fairly orderly move back into the + 7's not too far down the track, but I am carrying a fair amount of bullish bias ?

Chart is certainly only plodding with recent Sellers around the 7 cent level but based on potential alone, it should rotate upwards. (time frame obviously unknown)

 

[sptrawler]

Positive update from VML, all looking good IMO.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02423336-6A1051010?access_token=83ff96335c2d45a094df02a206a39ff4

 

[aus_trader]

Looks good, but just trying to understand the mining operation. Announcement says mining op's to be completed as below...

Why is that ?

Is the defined ore already mined out and waiting for further drilling ? Or they mined only a portion to demonstrate "proof of concept" before scaling up ? Or something different altogether ?

 

[barney]

Looks good, but just trying to understand the mining operation. Announcement says mining op's to be completed as below... Why is that ?

Its all according to the plan @aus_trader

They basically dig up and stockpile enough ore (in a couple of months) to feed the Extraction Plant in Saskatoon and that is where the profits start to be generated.

Don't quote me but I think 3months of "digging" will see them with enough ore till into 2023. I'll see if I can find the details of that later

Wobbly market looks like putting pressure on most stocks at the moment unfortunately