VML - Vital Metals

[barney]

Price action has followed script. The "Red Friday" kind of sealed the deal.

Day Traders were out very early after the Open and the "Elvis" impersonators cashed in their chips

The 069 level looks to be todays "battle ground" but given the great wall of China being set at 070-072, it looks clear that there will need to be another accumulation period (retracement??) before any serious move higher from here.

All pretty much as expected. The next major port of call is the proposed June Production announcement. Traders will be jockeying for position between now and then. Any serious dip before then will likely be a buying opportunity in my opinion.

(Bearing in mind I am an openly biased VML Bull and speak with lop sided tongue )

 

[frugal.rock]

Mostly in agreeable terms with what you have said Mr B, however, the post 3pm bum rush today may give an indication of next week's direction?
I feel this 5 day chart tells a story. It takes a decent churn to make butter.

Maybe I have the blinkers on @wayneL
Do you think I could get a cuppa, or even a bag of tea leaves? Show ponies...

 

[barney]

Curiously, what did you make of the CLOSE @frugal.rock

Between my BULL, your butter churning COWS, and @wayneL 's borrowed HORSE,

We should be able to assess where this "Noah's Ark" will head in the medium term

 

[frugal.rock]

Curiously, what did you make of the CLOSE

I had anticpated that it may have had a late push along, a strong close, but that didn't eventuate.
Wasn't weak either though, supply absorbed.
Not surprising with market macro's today though.
Have to say, that the current data and pattern is outside my scope of understanding/ experience.

Will be interested to see what it does next week though. ?

 

[barney]

it looks clear that there will need to be another accumulation period (retracement??) before any serious move higher from here.

All pretty much as expected. The next major port of call is the proposed June Production announcement. Traders will be jockeying for position between now and then. Any serious dip before then will likely be a buying opportunity in my opinion.

The old trading account has taken a bit of a hit last couple of weeks and the weak MIG obviously exacerbated the anticipated retrace with VML, but I thought the short term bottom looked in earlier today.

Given I sometimes listen to my own advice , I bought another handful today simply because it is was a buying op

Just to show I don't fib

 

[waterbottle]

Another landmark

Canada’s first rare earth producer begins shipping concentrate

Vital Metals' Nechalacho rare earths mine in the Northwest Territories has begun deliveries.

www.mining.com

 

[barney]

10:04am

VML

VITALMETAL

Company Presentation

 

[barney]

Rough month or so for many of the Small cap RE brigade.

I saw a $200,000 order go through a few days ago at 4.4 cents then the lid went on the SP

In for a penny in for a pound so I picked up 2 more handfuls, 100K shares at 4.3 and 4.1 cents respectively.

Long term hold for me until there is a reason not to be

Nice to see a little positivity back on the SP at least.

 

[peter2]

Wouldn't want to get you too excited but I noticed a bit of buying in other rare earths stocks the last few days.

 

[barney]

Wouldn't want to get you too excited but I noticed a bit of buying in other rare earths stocks the last few days.

Yeah, the sector has been very "subdued" Pete. VML has been an "accumulate" trade for me for a long time now, so swing lows are just another reason to raid the piggy bank

Assuming the World doesn't end, I'm really keen to see how the crystal ball looks in around 2-3 years from now.

 

[spratty84]

Rough month or so for many of the Small cap RE brigade.

I saw a $200,000 order go through a few days ago at 4.4 cents then the lid went on the SP

In for a penny in for a pound so I picked up 2 more handfuls, 100K shares at 4.3 and 4.1 cents respectively.

Long term hold for me until there is a reason not to be

Nice to see a little positivity back on the SP at least.

View attachment 143688

I must admit i bought 150000 more at 4 as well and im in the same boat as im planning to hold for the long term.

 

[waterbottle]

Good prices but still susceptible to near time market fluctuations. VML has history of not being able to weather storms

 

[frugal.rock]

Interesting though, the rest of the market today has generally reacted post the RBA 0.5% rate rise.
VML was pre. ?

 

[barney]

Not any massive push price wise off the news today. News was essentially good, with some room for improvement on the 2nd phase tailings.

Pretty tidy first run for the new Plant .... chug chug in the short term.

 

[frugal.rock]

As we humans become obsolete, rare earths containing products will be essential for automation.

Eg; @barney here on ASF hasn't been serving me drinks at all, ever.
So i replaced him with a more useful Barney. Less character, but that's beside the point after I've been served a few...

Introducing the Barney Robot.

Robot Bar | Barney Bar and Barney Barista

Barney Bar serves cocktails, mocktails, softdrinks and beer while Barney Barista serves coffee and softdrinks. The robot bars are designed and manufactured by F&P Robotics and shipped worldwide.

www.barney-bar.com

 

[barney]

Introducing the Barney Robot.

Lol, You are a funny man @frugal.rock

I wish I had a little more time for the "old banter" we used to partake in when the market was friendlier, lol.

It seems however that you have discovered why I am unable to partake in said ASF banter as often!


Yes I have a Robot business. I am in fact a Robot myself, and am AI generated (artificial intelligence for really old people!)

For the record, my Robot mind tells me to "widen the Range" on my VML holding to decrease any chance of being stopped out, as the extra wiggle room could end up making my kidz quite wealthy!

ps It may not make me wealthy because I am "almost" really old! (even though I am a Robot in real life of course, lol)


(pps Please apply the appropriate weekend/Monty Python filter to any Saturday/Sunday posts, as they may contain nuts)


pps. On a slightly more serious note, I am happy to Hold my (substantial) VML holding for at least the near future

ppps. Have a good weekend!

 

[barney]

How's the serenity, lol.

Some pretty good looking numbers in the recent drilling. Its slow going at times but I think the wait will be well worth it.

 

[Gavin Atkinson]

@barney what’s your thoughts on the CR with Lionhead Resources?

 

[barney]

@barney what’s your thoughts on the CR with Lionhead Resources?

Hi Gav (@Gavin Atkinson)

Yeah, not totally surprised they have gone for a cap raise but wish it was at a little higher SP

The only real negative is more dilution (SOI),

The Co is at a pivotal stage and $30M will set them up nicely to carry on to Stage 2 of development.


Looking with my rose coloured glasses, we have a respected Investment company happy to fork out a large amount of moolah at 4 cents

$30M is obviously not small change so it's a big vote of confidence.

There has been an obvious "cap" on the SP in recent weeks with 4.4 cents being the lid (in my view)

I'm backing the SP to break higher now that the cap raise is out in the open. We shall see

 

[spratty84]

I just bought another 200000 at .042 to make up for the extra stock which is going to be in circulation. Its a good thing they are trying to keep debt low, with a vote of confidence from some big players. It would be nice to have another offtake agreement signed in the near term but im in it for the long haul.