Yes, I remember the interview, Avalon's CEO likes the idea when they let the VML do their job and Avalon will take royalty/profit share, probably they will never completely sale their "gold" mine. Maybe now VML will have a better position for negotiating with Avalon because VML now does not really need this basal zone resource like before. Avalon will have to offer a better contract to VML to get out of the ground minerals from the basal zone.
We will see what will be the market reaction but for LT holders I think it was a very good strategic decision of VML management.
Ann: Trading Halt, page-92
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.63M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $1.884K | 594.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 16688193 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 25825720 | 60 |
View Market Depth
| Last trade - 15.43pm 18/07/2024 (20 minute delay) ? |
| VML (ASX) Chart |