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VMY - Vimy Resources

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Let's hope for a ramp in June before the EOFY.

Vimy Resources Limited (ASX: VMY) Australia’s largest uranium developer, is pleased to announce the successful completion of its Share Purchase Plan (SPP) to eligible shareholders, raising a total of $9.0 million.
The SPP was announced on 21 April 2021, following the $18.5 million placement to institutional and sophisticated investors (Placement) and sought to raise $3.0 million. The SPP allowed eligible shareholders to each subscribe for up to $30,000 worth of new ordinary shares in the Company (SPP Shares) at 11 cents per share, the same as the issue price per share in the Placement.
The SPP closed on 11 May 2021 with applications for over $17 million of SPP Shares or approximately 4.8 times oversubscribed.

To the moon we go, one way...hopefully!
 
VMY making good gains today, currently up 15.4% to 15c.

News through on Monday that VMY has paid the final instalment to Cameco for acquisition of the Alligator River Uranium Project. Once all relevant government and regulatory approvals or consents are received, VMY will hold a 100% interest in the project.

Also, planning and logistics for early works on the Mulga Rock Project in the second half of 2021 are now underway.

VMY is kicking goals and the market is picking up on it. I think the second half of 2021 will be a very good one for VMY if all goes to plan.
 
giddy up for the June comp @greggles
I agree and see most uranium stocks peaking on high performance supplements today...
This one is a hold for 2021 for me!
 
VMY is again my stock tip for November 2021. Apart from a rising SP, nothing else to report.
 
With the interest in Uranium who knows but no Dona, just another mug punt on my part.
 
I've already got three of these juniors but am getting interested in Vimy. Looks like a good deposit and they're well advanced in mining permits.

DYL recently tried to back door take them over with a dodgy bid after hours which they pooh pooh'd. I reckon they're probably on the radar for a couple of others to consolidate the sector.

If POU takes another leg up above $50 then I think this top line will be broken.

 
Vimy have been busy trying to look busy since DYL tried to take them over under the cover of darkness last month. I'd actually be happy with Vimy's resources added onto DYL and might just add this puppy for a potential next leg up in the POU in the new year.

Technically, this has gone the way of BOE and broken uptrend diagonal support to be heading down to some key horizontal support levels. Some very healthy consolidation after the MC of the juniors ran away from themselves. Could even make it to 16c. "I smell something", JV, The Big Short.




 
Just reviewing their website and they have a couple of oldish analysts reports on there which give a decent summary of where they're at. This one by S&P in March.

I assume Forrest Family Investments is Twiggy owning 8.5% of it back then.

 
I've decided to add this puppy, in belief of the overall narrative, but also upside from potential M&A as discussed in this and the DYL thread. So, I'm now happy for BOE, DYL, LOT and VMY to merge.

 
From Lowell Resource Funds, November: "The Fund took advantage of announced corporate discussions at Vimy Resources by exiting the remainder of its holding, but maintained uranium exposure through a new holding in Argonaut Resources."
 
bk1 said:
From Lowell Resource Funds, November: "The Fund took advantage of announced corporate discussions at Vimy Resources by exiting the remainder of its holding, but maintained uranium exposure through a new holding in Argonaut Resources."
Click to expand...


I think a lot of punters who were in uranium last year would have been taking profits over the past three months. They were some significant gains for those with the vision and conviction.
 
TH for CR. Vimy had $16m in the bank at the end of last year, thought that might have been enough to get to FID.

Maybe this additional cash is to complete the BFS before getting the Capex project financing for mine development next year.



 
Looks a bit sloppy that they couldn't get the CR done over the weekend and needed to go into a suspension this am for potentially another 2 days. Obviously didn't get the support they though they would, or the Ukraine nuclear plant fiasco changed the playing field.

 
Well, this is pretty crap. 24% discount to the last trading price is bollocks. Although around 10% to the previous 15 days is probably normal.

 
If we can get through and hold above 0.31c over the coming month then 0.45c distinctly possible from a tech viewpoint given volume remains consistent as its been lately
 
Hopefully this is favourable to both companies. DYL and VMY merger / takeover.

 
I'm not sure owning both these is going to add immediate value but I think medium-longer term this is going to be a very large player in the uranium space. Hopefully no accidents before they get a couple of their projects up and running.


 
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