Australian (ASX) Stock Market Forum

VML - Vital Metals

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waterbottle said:
Some valid criticism in other forums is that a DFS has not yet been completed for the Nechalacho site and the obvious large number of shares on issue dilute the share price.
Should be getting announcements soon RE: receipt of ore for processing and updates on whether or not they will proceed with their HREE acquisitions.
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How bad is the weather, up where the project sites are, is the lack of info due to lack of access for drilling?
 
sptrawler said:
How bad is the weather, up where the project sites are, is the lack of info due to lack of access for drilling?
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Not too sure.

The demand for rare earths is still there as evidenced by the price for Neodymium and the performance of Lynas Corp shares which have had a near 50% increase over the past 3 months compared to VMLs decrease.

It calls into question the companies ability to deliver. Granted interruptions are to be expected with any complicated projects although VML have had a habit of making some sort of announcement every 2-3 weeks, which would make them overdue at this rate.
 
The main thing i want to see is product getting sold and having some cash flow towards expansion. Also a mine expansion plan to give us some scale to what they are thinking to would be nice. I always planned on a holding period to 2027/30 to see through the expansion phase.
 
spratty84 said:
The main thing i want to see is product getting sold and having some cash flow towards expansion. Also a mine expansion plan to give us some scale to what they are thinking to would be nice. I always planned on a holding period to 2027/30 to see through the expansion phase.
Click to expand...

2027/2030 expansion is way too long IMO... There are already MOUs dependent on output from Nechalacho on 2025. The original plan was for output by 2025.
At this rate, there will be other producers online with bigger outputs before VML...
 
Yep i do realise that, they do need to get a wiggle on a little bit. My plan was to give them a couple years of full production to see there potential. But things do change of course and im not silly enough to hold on to a company that sits on there hands and does not turn over a cent. We will have a better idea over the next couple years of vital future prospects.
 
spratty84 said:
Yep i do realise that, they do need to get a wiggle on a little bit. My plan was to give them a couple years of full production to see there potential. But things do change of course and im not silly enough to hold on to a company that sits on there hands and does not turn over a cent. We will have a better idea over the next couple years of vital future prospects.
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I agree.

I gave them quite a bit of slack during Q3/Q4 2021 given it was a new company, but I think we've all seen several other RE companies fly past VML in regards to share price. Granted there is only so much a company can do, but still - it hurts!
Personally, I've reduced the size of my holdings (I think most can glean why from my previous posts).

I think the other factor that long-term holders need to appreciate is the fact that management will change. Many investors, including myself, have placed their faith in Geoff's & the team's efforts and their ability to deliver. However, the timeframes that are being discussed in this thread are 5+ years. The probability that the same leadership will still be present over that time frame is slim, as it seems executives in junior miners tend to jump around and explore other ventures (as is the case with some of VMLs own execs).

Anyhow, there is a great potential here - no doubt. My fear is that it will remain just that - potential, never materialised. Hence my redistribution.
 
waterbottle said:
I agree.

I gave them quite a bit of slack during Q3/Q4 2021 given it was a new company, but I think we've all seen several other RE companies fly past VML in regards to share price. Granted there is only so much a company can do, but still - it hurts!
Personally, I've reduced the size of my holdings (I think most can glean why from my previous posts).

I think the other factor that long-term holders need to appreciate is the fact that management will change. Many investors, including myself, have placed their faith in Geoff's & the team's efforts and their ability to deliver. However, the timeframes that are being discussed in this thread are 5+ years. The probability that the same leadership will still be present over that time frame is slim, as it seems executives in junior miners tend to jump around and explore other ventures (as is the case with some of VMLs own execs).

Anyhow, there is a great potential here - no doubt. My fear is that it will remain just that - potential, never materialised. Hence my redistribution.
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All true waterbottle, I suppose it depends on the timeframe and amount of money being risked, this is my first flutter into RE and it isn't much.
But I remember when I was at work 11 years ago, one of the guys on my shift was raving about rare earths, he bought a load of Lynas at 7c from memory.
When I catch up with him at the Xmas get together, I will ask him how it went and if he still has them.
 
Been out and about for a while.

I see a bit of "caution" creeping in from some of the above posts regarding VML's short term future:bucktooth:

Nothing has changed in my view (although I suspect we may/may not? need another small cap raise next Quarter just to hold the fort.)

I have not sold any and dont intend to at this point. In fact I was seriously starting to consider buying more.

Recent price action is showing a "change of gears"

The recent few months 'chug-chug' is nothing out of the ordinary for a rising Spec play, and really it has held up pretty well in my view.

My chart mumblings below tell the story I am seeing ... (Messy chart, but so is my room!! :cat:)

Back above 053 could see some "quick" action in my humble opinion.


I don't bother trading VML any more, but this should be on "Trader's Radar" over the next few days.


VML chnging gears 9 March 2022.jpg
 
Hey could someone please explain what the otcqb listing in the us means? Is it a platform to trade vital metals asx listed stock in the us? Cheers
 
spratty84 said:
Hey could someone please explain what the otcqb listing in the us means? Is it a platform to trade vital metals asx listed stock in the us?
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The OTCQB is the mid-tier OTC equity market, which lists primarily early-stage and developing companies in the U.S. and international markets. OTCQB companies must meet certain minimum reporting standards, pass a bid test, and undergo annual verification.

OTC stands for Over The Counter. As explained to me for a micro-cap I hold, as an ASX primary listing, many Family Offices and Institutional Investment Houses don't have in their mandates to buy other than on US exchanges. For a local (ASX) company to go global and especially get into the US market, they need a compliance-lite place to allow get exposure and hopefully transactional market. But the reality is that getting the listing is arduous and can take 18 months and, even when it happens, trades tend to be few and far between.
 
Remains speculative.
UCore's subsidiary has received notice of resignations from their executive team before the RapidSX pilot plant is up and running.... Sounds like trouble for an off-take partner.

Good to see that they're trying to now trying to plan out how they will mine Tardiff. Interestingly now being rebranded as an HREE site... Likely because Kipawa will fall through...

It's on my watch list but I've been out for a while now
 
barney said:
Back above 053 could see some "quick" action in my humble opinion.
Click to expand...

Pretty much gone to script. Broke the 053 level and worked higher for a few days

Short term Traders are/have taken their quick 10% profits for a few days work today (Bit better than Bank Interest :jimlad:)


The 055 level now looks base line Support. The 060 level is the nut that might take some cracking. If either direction gets broken with momentum, we will know for sure where it heads in the short term.

I'm backing consolidation between 055 and 059 till short term traders are finished and new positions are determined.

Then 060 can be taken out in an orderly "break-out" and I can afford to eat steak again! :happy:
 

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