Australian (ASX) Stock Market Forum

VML - Vital Metals

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I was in late around 0.028 I think with a partial position (91,111v)
Giddy up !
Am holding around 4 other stocks that are in the monthly comp, but unfortunately not GIB...
Cheers, and the more the merrier...
:wheniwasaboy:
 
Good luck @frugal.rock At least you have some beer money already! Probably be a flat day today after so much pushing and shoving this week. If it holds that 035 level that would be positive enough in the short term.
 
Well it's had its breather barney:

555.jpg


And I'm in!
 
over9k said:
Well it's had its breather barney:
And I'm in!
Click to expand...

Welcome aboard @over9k I always get a bit nervous when other punters get involved in something I have been harping about, but even if it drops a little bit more, I'd say you are in at a fair level for a low risk/decent return Spec punt given X amount of time. The X factor is different for all of us of course, but I see this with potential for further rises at least till Production next year ...

The anticipated Offtake announcement will likely give it another little boost, so that is what we are waiting on at the moment. Good luck! :happy:
 
G'day Barney,
just bought an extra packet of VML at same price as previously bought...(0.027)
Had missed the opportunity to jump off around 0.04 and then just decided to sit it out once it started on the down.
Now, What's this anticipated offtake business about ?
Cheers.

3 month chart, figured its around a turnaround point, not trying to pick the bottom, but I think it's close enough for the bigger picture.

Screenshot_20201028-103035.png
 
frugal.rock said:
G'day Barney,
just bought an extra packet of VML at same price as previously bought...(0.027)
Had missed the opportunity to jump off around 0.04 and then just decided to sit it out once it started on the down.
Now, What's this anticipated offtake business about ?
Cheers.

3 month chart, figured its around a turnaround point, not trying to pick the bottom, but I think it's close enough for the bigger picture.
Click to expand...
nice pick
 
frugal.rock said:
Now, What's this anticipated offtake business about ?
Click to expand...

Sorry Rock. Been doing some real work .. Its that time of year. :yuck:

I see you have banked your spoils so all good.

I have a longer term vision for this little battler so ride the dips with the appropriate anxiety. I also bought the bulk of my holding at lower prices so am slightly afraid of the tax man if I cash them in at the wrong time:nailbiting:

Accumulate the dips to 025-024 if I were trading it at the moment .... Of course I hope it doesnt revisit 025, but I am also realistic.

It looks a low risk Spec punt for an accumulation trade around these current levels over the next 12 months given what is happening in the R/E space. Cheers, and good trade:cat:
 
frugal.rock said:
Now, What's this anticipated offtake business about ?
Cheers.
Click to expand...
Your like a politician... avoided the elephant in the room... haha.
Please explain?
barney said:
Accumulate the dips to 025-024 if I were trading it at the moment .... Of course I hope it doesnt revisit 025, but I am also realistic.
Click to expand...
Glad you said that, as I have a standing buy in on 0.028, however I am not convinced that today wasn't just a little selling melt up on the slight way down you mentioned.
Will see how things are looking tomorrow, may reduce it both size and price.
Cheers.
PS; good luck with the real work venture... hehehe
 
frugal.rock said:
Your like a politician... avoided the elephant in the room... haha.
Please explain?
Click to expand...

Lol .... I am about as far from a politician as you can imagine Rock ... although I do look pretty spiffy in a suit! :woot:

In all truth, I assumed because you had sold your holding, and made "beer money" for the next 12 months, that the "Offtake" arrangements may not be of interest now?:wideyed::shy:;) lol ..

To clarify, I have a substantial "interest" in how this Company progresses, I am of the opinion that VML are in an enviable position on many fronts, with Offtake agreements being an early stage integral part of their potential success.

I do not wish to sound like a "ramper", but Offtake agreements when announced ... (and I see that as a when, not if, announcement) ..

Will show to the Market that these "ex-Lynas" lads have the backing of the "necessary investors" in the rare earths space. (In their case, this looks like a serious deal with the Canadian Gov on board for a start)

This will give the Co. future guaranteed revenue and access to project financing way above a minnow Spec.

In a nutshell, 2.8 cents could look like a distant memory if the desired Offtake agreement is announced ... and that is just the start if things go to plan:cool:

As "Supertramp" voiced beautifully .... "Dreamer":wheniwasaboy: Cheers M8.

 
barney said:
In all truth, I assumed because you had sold your holding, and made "beer money" for the next 12 months, that the "Offtake" arrangements may not be of interest now?:wideyed::shy:;) lol ..
Click to expand...
Look into my crossed eyes Barney, there like that from watching crossed orders.
o_O;)
Ebb n flow, high n low tide, wax n wane...
My standing buy succeeded today.
Beer money? Hahaha...ahahaha
Married with children... coffee money maybe.

barney said:
although I do look pretty spiffy in a suit!
Click to expand...
How much was suit hire fees in the 80's ? :wheniwasaboy::whistling:;)

Cheers for the clarity.
Or is that the claret tea?...hiccup, burp.
 
frugal.rock said:
Look into my crossed eyes Barney, there like that from watching crossed orders.o_O;)
Click to expand...

Indeed .... Not fussed on the current price action. I think we will see 025 during the next week unless we get some positive news. I wouldn't mind if the Chi-X boyz took a couple of weeks off as well :stop:

frugal.rock said:
Beer money? Hah Married with children... coffee money maybe.
Click to expand...

I comprehendo fully. I am also married, and also have children (in various parts of the country)

But they are all happy to leave me alone in my cave now days for some reason. (sometimes for days!o_O)


frugal.rock said:
How much was suit hire fees in the 80's ?
Click to expand...

You are a cheeky basket!! :oldman:

And may I say, I have never hired a suit in my life. I purchased my first suit in about 1982 and my second suit in about 2016. You may have noticed I get a few years out of a suit !!

Perhaps I should be called "Frugal":shame:


frugal.rock said:
Cheers for the clarity. Or is that the claret tea?...hiccup, burp.
Click to expand...

Cheeky basket (number 2)

If you are insinuating I am drinking on the job, you are an insolent young(er) whipper snapper.

As for Claret ... isn't that what you clean stains out of coffee cups with?! Sorry, my mistake, that is bi-carb soda ... and I believe a good bi-carb may taste better than a bad claret (apologies wine connoisseurs):inpain:

Bourbon and Pepsi-max for me thankyou, and go easy on the Pepsi ... its bad for your health!

ps. I am off to cook my wife dinner ... I hope you are reciprocating with your lovely wife?!

Sheppard's pie .....

pps. No sheep will be harmed in the making of said pie, but I cannot guarantee the safety of cows:cow: (apologies to vegetarians)

ppps. I love Fridays !!!
 
Picked VML again in the monthly comp so posting to confirm my selection. Not much more to say than the above. It has great potential if the ducks align over the next 12-24 months.

Lets hope those ducks know how to fly straight!??? (This way you idiots!!)???
 
I think this one is a long shot. I can't trade it but I do believe in Rare Earths having a future. In fact I have a current trading position in one Rare Earth play already in Speculative Stock Portfolio.

Since the price has had a decline today I purchased a minimum parcel (half a grand) of VML shares for the long haul. Could have bought some for half price of what I paid today if I acted when barnz (The ASF one above ?, not Arnzy, Barnzy, Farnzy in Uber Eat Ad :D ) first alerted me about this Rare Earth play. But I was doing my own Rare Earth refresher re-search as my previous notes were tardy and that was done back in the days when Lynas was a minnow :wheniwasaboy:

Anyway shoulda, coulda, woulda doesn't help, so I thought buy while the price has come down today (on sale eh ;)). I like the fact VML has the experience of ex-Lynas management.
 
barney said:
Not fussed on the current price action. I think we will see 025 during the next week unless we get some positive news.
Click to expand...

Well that was a bit quicker than I'd hoped for .. 025 with interest, testing 022 today.

022 is an important support level at the moment. Still a bit of water to flow under the bridge before they get things up and running so retracements were always going to happen.

Its always been an accumulation trade for me, so I'll ride the dips. I'm more interested in how it looks in around 12-24 months, but down days are always painful.

I see that REE is down 16% and PM8 is down almost 7% today ..... Been a poor month for a few R/E stocks after their big rises.

ps @frugal.rock Possible there might be a couple of small pears along the way, but I'm expecting it to grow into a big fat watermelon?:jimlad:

pps No problem with the BBQ, but 6 years, whoa ! ..... A man can only eat so many rissoles:oops: :dead:
 

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