VML - Vital Metals

[frugal.rock]

Because it's Australian/ Canadian.

I don't feel a financially restricted environment will be much of a direct issue to the "bull" industries required for the transition.

 

[barney]

Been a tough couple of months for this little battler. Last 2 days price action indicate at least a short term reversal of sentiment.

030 looks the low for the time being. 034 needs to break and hold on "normal" Volume before we can call it a trend reversal.

Given Lionhead threw some serious cash in at 040, I am hopeful that the worst of the downturn is done with.

 

[spratty84]

Been a tough couple of months for this little battler. Last 2 days price action indicate at least a short term reversal of sentiment.

030 looks the low for the time being. 034 needs to break and hold on "normal" Volume before we can call it a trend reversal.

Given Lionhead threw some serious cash in at 040, I am hopeful that the worst of the downturn is done with.

View attachment 148260

 

[spratty84]

Hoping so mate

 

[frugal.rock]

21 November 2022

FORMER ROXGOLD PRESIDENT AND CEO JOHN DORWARD JOINS VITAL AS MANAGING DIRECTOR

HIGHLIGHTS

• Former Roxgold President, CEO and Director John Dorward appointed Vital’s Managing Director, effective immediately

• Mr Dorward led Roxgold to build the Yaramoko Gold Mine in Burkina Faso in less than four years before Roxgold was acquired by Fortuna Silver Mines Inc for US$884 million

• Mr Dorward has a strong background across finance and resources, having held senior roles including Vice President of Business Development, Chief Financial Officer and Commercial Executive at Canadian and Australian-based companies

 

[sptrawler]

Coming into winter again, so progress could be slow, hopefully they start and accelerate production come spring.

 

[barney]

Generally with Specs, the best time to buy is when you are holding, and the downward pressure is just about to break your spirit , lol

I've reluctantly had to sell a lot of my holding in VML recently because the collateral damage was getting serious (I did own over 5 million shares however)

The downside aside, I liked todays price action.

Lionhead took a big stake in this little battler at .04 cents per share and the current SP represents around a 30% Loss on their investment.

Chances of them letting that continue much further are pretty slim (in my opinion).

Chances that they have been happy to see the SP drop so far so that either them or their associates have been able to mop up the suffering losing shareholders shares at a discount, seems a logical assumption according to my "conspiratorial nature"

With all that in mind, I have started to again "add a few" to my core holding which I still held.

Todays fairly wide ranging bar with an obvious "tail" and finishing on the day's high on High Volume tells an interesting story

The story may change of course, but the 'short term' story (in my humble opinion), is a Buy (again/finally ).

We shall see.

 

[sptrawler]

Thanks @barney for the upbeat scenario, I'm still sitting on my stash of VML and if it plays out as my spec flutters usually do.
There will be a consolidation.

 

[barney]

There will be a consolidation.

Definitely a possibility Homer.

A consolidation has been suggested for VML for some time, but I think management (now new) will not look to that until more runs are on the board, so to speak. VML has always been a long play .... The current SP could drop further of course, but assuming even "luck", it should be a RE producer/player with some credibility a couple of years down the track, and into the future. Hard one to time just at the moment.

 

[aus_trader]

Generally with Specs, the best time to buy is when you are holding, and the downward pressure is just about to break your spirit , lol

I've reluctantly had to sell a lot of my holding in VML recently because the collateral damage was getting serious (I did own over 5 million shares however)

The downside aside, I liked todays price action.

Lionhead took a big stake in this little battler at .04 cents per share and the current SP represents around a 30% Loss on their investment.

Chances of them letting that continue much further are pretty slim (in my opinion).

Chances that they have been happy to see the SP drop so far so that either them or their associates have been able to mop up the suffering losing shareholders shares at a discount, seems a logical assumption according to my "conspiratorial nature"

With all that in mind, I have started to again "add a few" to my core holding which I still held.

Todays fairly wide ranging bar with an obvious "tail" and finishing on the day's high on High Volume tells an interesting story

The story may change of course, but the 'short term' story (in my humble opinion), is a Buy (again/finally ).

We shall see.

That's some serious backing of a small/micro cap play @barney. Hope you have some diversification with your investments.

I still hold the small holding in VML. Don't know when RE stocks will make another move. Hopefully not too far away. There was a bit of price jump in ARR of late and ARU has been running hot for a while...

 

[barney]

That's some serious backing of a small/micro cap play @barney. Hope you have some diversification with your investments.

It was a serious backing indeed Aus. Bearing in mind I did 'invest' in + 2 or 3 of those million shares between .006 and .010 so even selling some of my Stock recently, it was well in profit. Unfortunately, well down from the paper profit I was holding a while back however.

Bad trading on my part as I mentioned on another Thread .... Falling in love with a Stock is always fraught with danger! (as I should know, lol)

Currently I am unsure of "Lionhead's" motives with VML. No doubt they have acted with "profit" in mind. The big question with Specs is, whether the profit radiates to the rank and file shareholders. Interesting times in the Rare Earth sector with much "ambivalence" manifesting itself in recent times

As Hewy Lewis succinctly put in recent years, ..... VML is possibly currently "Walkin on a Thin Line"

 

[spratty84]

I must admit i have added a couple small parcels recently and are currently sitting on a paper loss. But im going to wait out until they start delivering proper volumes to reetec to see how things look then.

 

[sptrawler]

Good article on Canada's push to capitalise on critical minerals for renewables.

https://www.mining.com/canada-places-big-bets-on-critical-minerals/

 

[Dona Ferentes]

Been a tough couple of months for this little battler.

so, if the pivot good or bad? Can 2,2c be the line in the sand?

VITAL PIVOTS STRATEGY AND PROVIDES SASKATOON
PROCESSING FACILITY CAPITAL COST UPDATE
• Vital provides a strategic update on its pivot to a sharper focus on developing the world-class Tardiff Deposit at the Nechalacho Project
• Vital plans to complete the calcine circuit at its Saskatoon rare earths processing facility in Q3 CY2023
• Completion of the rare earth hydrometallurgical leaching, purification and rare earth precipitation circuits has been deferred until CY2024
• Vital to produce an intermediate rare earths oxide product for potential sale to third parties until REEtec’s facility is completed in late 2024
• Revised costs to complete Saskatoon Facility estimated at A$40.8 million
• Drilling program at the Tardiff deposit to upgrade confidence of the inferred resource scheduled to commence in Q1 CY2023
• Infill and extension drilling at Nechalacho’s high-grade North T deposit is also planned for 2023
• Drilling program to include an initial assessment of the potential xenotime target between the North T and Tardiff deposits

 

[waterbottle]

So sad...

Only reason a company like this survived was due to the lax post-covid monetary policies.
Production should have already started and they should have diversified already (they had 2 years to do so). Instead all their eggs are in one basket (REEtec), their focus is on Europe (which is in a war-time recession) and they've bungled an arguably strategic and favourable mining site in the pursuit of some HREE dream with Kipawa & Zeus.

This is a sunk venture IMO. Costs will continue to be revised upwards, and there's no way they're going to be able to cover those costs without further captial raises and share dilution.

 

[frugal.rock]

so, if the pivot good or bad? Can 2,2c be the line in the sand?

Bit of a mixed bag eh.
Had the same question myself after reading it.
Trying to play with the "pivot" term though looks a bit ordinary.

 

[sptrawler]

Bit of a mixed bag eh.
Had the same question myself after reading it.
Trying to play with the "pivot" term though looks a bit ordinary.

When the trajectory gets cloudy, the $hit pit gets mushy.
I do hold, but I haven't got my gonads hanging on an outcome. ?

 

[barney]

Disappointing in many ways. Long term limbo time for now. Had to sell a lot on the way down but still hold 1M as a momento/punishment, lol. Certainly not over at this stage, but the time frame will put pressure on the SP for a while.

+70 million traded so far today so plenty of bargain hunters getting on board. Probably time to start accumulating for those with time on their hands. Lionhead make me a bit nervous though! Hopefully no one lost their shirt off the back of my previous enthusiasm. I'm certainly back to my basic Bonds T-shirts with this one now.

On the lookout for my next great white hope, whilst carefully placing the remainder of my VML neatly in the bottom drawer, lol

 

[aus_trader]

All good barnz, I also traded out a little bit, but nowhere near the top. Looking back, glad I did. Still hold a small position, oh well better put that in the bottom drawer for rummaging through forgotten treasures someday in the future...

Overall, a bit disappointed with the VML share price of late, while other RE plays like ARU have done well in terms of share price appreciation...

Don't forget to keep us posted on your next discovery mate ?

 

[peter2]

No more pie & peas @barney. Try rock lobster and wine. There's been an uptick in demand for VML last week as seen on the daily chart. I can't buy VML as there's too many shares issued (>5.3 Billion). Crikey that's a lot of shares.