VML - Vital Metals

[barney]

To be fair, all three of those have done nothing but melt for months since their initial bounce:
If I still held the other three like you appear to, I'd be selling.

Only hold VML @over9k

And may I say, plenty of them, so my nerves can easily be tested, lol

I watch a few other R/E Stocks for reference.

REE overshot on it's original October spike, but looks ready to play catchup now.

NTU has been on a steady rise since last July

PM8 has been the best performer chart wise and is very popular with Punters.


VML SP will no doubt rotate as Specs do, but the ex-Lynas factor is a big thing for me.

These guys appear to be about creating resource value without the massive up front expense.

ie. Creating value without too much dilution to Shareholders.

This is a big punt for me, but at this stage I'm happy to back the boys at the helm into 2021 and beyond until proven otherwise.?

 

[over9k]

Tell me your thinking, if I like what I hear I'll buy some more and then we can both go bankrupt together.

 

[frugal.rock]

If I still held the other three like you appear to, I'd be selling.

A sideshow quickie, nothing special.

I only sold as I couldn't watch it any more. Literally. It is school holidays and had things to do.
At the end of the day, I wished I held. Wait for Tuesday and I will berate myself....

 

[over9k]

Weak hands are green hands.

 

[barney]

Tell me your thinking, if I like what I hear I'll buy some more and then we can both go bankrupt together.

My thinking (perhaps ramblings) have been well documented from page 1 of the Thread O9. My posts probably take up half the Thread, lol. VML should pay me for advertising!

Would I be buying now? No.

My last purchase was at 029. I still think it will go higher in the medium term, but with just under $100 million market cap, it looks about true value at this stage based on potential.

Trading Range 035-038 looks likely for a while. Anything better is a bonus.

 

[rnr]

My thinking (perhaps ramblings) have been well documented from page 1 of the Thread O9. My posts probably take up half the Thread, lol. VML should pay me for advertising!

Would I be buying now? No.

My last purchase was at 029. I still think it will go higher in the medium term, but with just under $100 million market cap, it looks about true value at this stage based on potential.

Trading Range 035-038 looks likely for a while. Anything better is a bonus.

Hi @barney,

The above chart is my take on a potential wave count for VML which may be of interest (obviously no guarantee on the accuracy).

Cheers, Rob

 

[barney]

Count for VML which may be of interest (obviously no guarantee on the accuracy).
Cheers, Rob

Cheers Rob. I have no doubt we have more upside over the medium term so definitely in agreeance with your projection.

Personally, I wouldn't tell my Mum and Dad to go in boots and all right at this point in time,

However, it's still a solid accumulation trade in my book as long as a sensible time frame is factored in.

 

[over9k]

My thinking (perhaps ramblings) have been well documented from page 1 of the Thread O9. My posts probably take up half the Thread, lol. VML should pay me for advertising!

Would I be buying now? No.

My last purchase was at 029. I still think it will go higher in the medium term, but with just under $100 million market cap, it looks about true value at this stage based on potential.

Trading Range 035-038 looks likely for a while. Anything better is a bonus.

Sell order at 040 then?

 

[frugal.rock]

The above chart is my take on a potential wave count for VML which may be of interest (obviously no guarantee on the accuracy).

I have similar opinions on the heading of VML based off other methods though.
My thoughts are it may hit the question mark area in your chart in this next week of trading, after it gets past @over9k selling at 0.040

 

[frugal.rock]

A chart borrowed from @tech/a in Breakouts thread.

 

[over9k]

Cracked 040 today, lots of sellers at that level (along with me now as my sell order is in) but the buyers seem to like 038 (lots of buyers at that level).

There's a few buyers at 039 so we'll see if they crack.

Edit: Number of sellers at 040 and buyers at 039 are both increasing. Encouraging sign.

 

[frugal.rock]

Now that 09k has sold on 0.040, the price can move forward...according to the long pockets brigade.

 

[over9k]

Well it hasn't actually executed yet. There's 9 million others in front of me last I checked.

Edit: Now it has. We're up to 041.

 

[over9k]

Yeah so I wasn't lying when I said it'd run after I sold, was I?

 

[over9k]

Jokes aside, it does actually look like a bit of a range has developed:

I might put a cheeky buy order in at 033 and just see. I haven't had a good degenerate trade in a while >_>

 

[over9k]

And it just cracked a single trade at 042 before an immediate pullback:

I am thoroughly convinced that I am god's own personal entertainment human.

 

[over9k]

16% just on the day. You all owe me a drink.

 

[barney]

View attachment 118542
Cheers, Rob

Well done Rob and @tech/a .... Both close to the money on the price movement.

I expected another week of Rotation without any news catalyst but happy to be incorrect on that one.

Some strong buying today. Be interesting to see if it keeps gaining momentum. Perhaps the mandatory inside day tomorrow?

I think that gives us around a $115-120 million Market Cap now. Short term that seems fair .... Longer term, I still see it doubling from here based on the potential of their resource .... Holding tight for now

 

[barney]

Perhaps the mandatory inside day tomorrow?

That was the case, plus today also drifting a point or 2 lower today. Fairly typical Spec behaviour.

NTU (rare earths) taking the limelight today with a big rise ... probably no one left to trade VML lol .....

Hourly Chart paints a clear short term picture.

Support at 040 Needs to break above 045 before any more fun and games.

I suspect the Rotation I was expecting earlier might still be on the cards.

 

[frugal.rock]

I suspect the Rotation I was expecting earlier might still be on the cards.

Jog my memory Barney?
Cheers.