I've sometimes wondered about the VMS tin deposit. (Disclaimer - I hold both although my VMS is much smaller than my MLX holding.)
VMS seem to have no interest in progressing it but I'm not sure if that relates to some characteristic of the deposit or if they just have too much else going on.
From what I read, demand for tin is likely to be long term so it would make sense to lock in long term mine life. Not necessarily via VMS if course and not necessarily right now. (And I'm sure the board is well aware of this and will make a move at some stage, but one does like to hypothesize.)
Ann: On-Market Share Buy-Back, page-16
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Last
42.0¢ |
Change
0.005(1.20%) |
Mkt cap ! $380.6M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.5¢ | 40.5¢ | $591.9K | 1.424M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 246 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 225200 | 7 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MLX (ASX) Chart |