VML - Vital Metals

[barney]

Jog my memory Barney?
Cheers.

I wasn't expecting such a quick break of the 040 level Rock.

Now that it has broken, and we've have had the mandatory 2 inside days, I won't be surprised to see it go back into a trading range/rotation .... Hopefully no lower than 040 and ideally up to 044 and an eventual break of 045

All still positive price action if that happens. I'm happy with the slow boat to China approach with this one

 

[frugal.rock]

I wasn't expecting such a quick break of the 040 level Rock.

I was, small portion of holding relinquished (still holding 300k). Expectation was Monday or Tuesday.
My take was; wave lengths are shortening, the tides are getting bigger etc.
The bigger pop is just a matter of a bit of patience, in my opinion...
@tech/a has a potential target of $0.06 in his chart.
I would be surprised if we don't see that target hit, or close to it, by the end of next week.
Just my
If there's no script, there's no play, right?
Cheers.

 

[barney]

I would be surprised if we don't see that target hit, or close to it, by the end of next week.
Just my
If there's no script, there's no play, right?
Cheers.

I like your script!

I prefer to remain conservative at this stage but I wont knock back 6 cents if it happens quicker than I expect.

My longer term "script" for VML is to achieve a $300 million Market Cap which is definitely a possibility given their potential .

A $300 mil MC will have their share price at about 10 cents Thats when the fun would really start for this old fella

a) Hopefully that happens ... and

b) Hopefully it happens before I'm too old to party, lol.

 

[aus_trader]

I like your script!

I prefer to remain conservative at this stage but I wont knock back 6 cents if it happens quicker than I expect.

My longer term "script" for VML is to achieve a $300 million Market Cap which is definitely a possibility given their potential .

A $300 mil MC will have their share price at about 10 cents Thats when the fun would really start for this old fella

a) Hopefully that happens ... and

b) Hopefully it happens before I'm too old to party, lol.

Enjoying the ride, although my stake is small. If it hits the targets, it'll pay off the bills and still leave a bit for a nice red wine (not really into beer). Cheers Barnz ?

 

[barney]

If it hits the targets, it'll pay off the bills and still leave a bit for a nice red wine

If it reaches my targets (10 cents), I may be able to actually retire! (I don't have any superannuation! Sad but true)

And I will happily shout you a nice bottle of Red Aus

Anyway, dreaming aside, my "short term" outlook on an Hourly Chart.

Todays price action was surprisingly "nibbly" at the 046 level.

Lots of Chi-X boys on the job I note?

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[over9k]

I swear to god...

 

[barney]

Plenty of Profit takers slipped in after the Open. Traded as low as 047

The rise was starting to look a bit exponential unfortunately.

Looks like around 100 million shares will be traded today hopefully todays level doesnt get squeezed too hard or it could be retracement time.

As I type, the squeeze has started ... down to 046 ?

 

[over9k]

Yeah it's still in the watch list. Hoping to get a cheeky buy back in below 040.

 

[barney]

Interesting price action so far again today. Having another bo peep at the 054-055 level

Might throw a chart up later but eyeballing says a definitive low is in at 049 with another strong low at 051 A lot of Volume changing hands today at higher than that so we might see a new base with a bit of luck.

A close at 052 at the moment would be fine for this old fella ..

Any higher could be a bit wobblier but if 055 gets taken today, all bets are off.


ps. Just after I posted the above, the Sellers jumped in and pushed it from 055 to 051 ... To be expected but as long as 051 holds, it is behaving ok.

 

[over9k]

mm that's way above trend though.

 

[aus_trader]

whoa.. barnz !

How come you haven't got no super @barney , if you don't mind me asking ? It is a bit sad to hear mate

I withdrew a bit to keep me alive during the Vic lockdown, but still got a some left for an emergency if needed...

 

[barney]

whoa.. barnz !
How come you haven't got no super @barney , if you don't mind me asking ? It is a bit sad to hear mate

@aus_trader

Just kinda happened Auz, and it's not so bad.

I don't know if Super even existed when I was a young fella but I've basically worked for myself for the last 40 years and there has always been bills to pay so Super didn't get a look in. The journey has been interesting either way though so no complaints

Anyway, re VML ....... It is obviously on "Trader's" radars now, so there will likely be more volatility to deal with in both directions.

At the moment it's had a real purple patch but Spec land is built on soft ground as we all know, so I have a realistic view of what could happen if things don't go to plan, but so far so good.

The boys at the helm seem to have things under control but there is a lot of water to flow under the VML bridge yet.

 

[barney]

mm that's way above trend though.

The Market agrees with you O9 Most recent support before this morning is 046

At the moment 047-048 is holding. As long as it holds, that is still tidy. See how it pans out

 

[Dona Ferentes]

Nothing really new in this outline, but it's good for VML to get some love

Beating the path down to become a "Vital" rare earths producer in 2021

Vital Metals Ltd. (ASX: VML) targeting to be the largest independent supplier of clean mixed rare earth feedstock outside of […]

investorintel.com

 

[barney]

Nothing really new in this outline, but it's good for VML to get some love

Beating the path down to become a "Vital" rare earths producer in 2021

Vital Metals Ltd. (ASX: VML) targeting to be the largest independent supplier of clean mixed rare earth feedstock outside of […]

investorintel.com

It is a compelling story @Dona Ferentes so thanks for the update/reference.

Its still very early days for this little minnow. Their current Market Cap is probably reflective of their "short term" potential, but the real value, assuming they deliver on their projections, will likely become evident in around 12-48 months.

Management openly stated they intend to become the next "Lynas". Given their past association with LYC, I take that kind of statement seriously and have invested accordingly, and happily hold for the mid/longer term ride!

 

[frugal.rock]

Hoping to get a cheeky buy back in below 040.

Did you take advantage of the opportunity this morning?
I bought the dip, settled with $0.04 for another position.
Still holding original parcel minus a bit also.

 

[over9k]

Nah, I've been focused on/buying the dips in everywhere else. It totally slipped my mind. Should've put a lowball order in just in case it'd fill.


I suspect we'll have quite a few more cheeky day trade opportunities until this gamestop etc stuff is over though. It bottomed out at 039 today so I'll put an order in there and see if it fills.

edit: order's in, let's see if it fills in an afternoon selloff.

 

[Dona Ferentes]

Definitive take off

 

[barney]

Definitive take off

They have a definitive Offtake agreement now as previously agreed but now signed and sealed.

Nice to see some numbers thrown up. My maths may be incorrect but it looks like the Gross on 1000t per year is around $42 million

Not sure of the cost to produce or the REEtec % of that aspect of the agreement, but once they increase production to the proposed 5000t per annum, the numbers could start to look fairly attractive.

Looks like a few Punters have taken the opportunity to cash in their chips off the back of the Announcement. I'm happy with that to be honest. Clearing the register of Profit takers and Traders lets us set a more solid base.

Production expected to commence before the end of this year. All ticking along nicely.

 

[over9k]

Too early to tell. Our floor from before looks like 041, but it already broke than & then rebounded. There's also an obvious downtrend from the peak of 054. Where it'll settle is hard to know as the last week has been a writeoff for everything on account of all the gamestop lunacy etc.