The story of VMS for the medium term is simple...
The SP will rise and fall in line with IO prices (barring any extraordinary drill results, of course).
During that time, short term holders and DTs will sell as the price drops, and LT holders (who are in it for the TIN) will buy the dips.
So, at the end of the day, the current market on VMS is a disagreement between short term traders and LT investors. Individuals simply have to ask themselves what camp they're in. Do you believe that VMS is a small IO play? If so, sell. Do you believe VMS is a medium-term TIN play? If so, buy the dips.
Ann: Venture Books First Shipment - Riley Iron Ore Mine, page-922
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $32.06M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $85.71K | 7.558M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 3754020 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 3880078 | 9 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CRI (ASX) Chart |