Agree - the SP should go to 5c+ once they officially dig dirt, and 6-7c+ once they actually start exporting.
The 20% discount goes in line with your point that this is not a hook line n sinker, there is risk for the investor coming on board for this fact.
I'm optimistic that VMS get the dirt moving by end of the month.
Ann: Equity Funding to Commence Production at Riley Iron Ore Mine, page-68
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.34M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 2.0¢ | 1.8¢ | $68.82K | 3.592M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 8488668 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 3809669 | 4 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| VMS (ASX) Chart |