The market is always late to the party with juniors (not counting the small few that get caught up in a 'viral' speculative feeding frenzy).
More drill results at Lindsay are a great thing. They de-risk the project going forward, which builds towards a critical mass, at which point the sluggardly market wakes up to itself and re-rates the stock.
The key question for investors is "when does that critical mass occur?". With tin going into a super-cycle, I would be very keen to buy into a stock as cheap as VMS, with a proven resource that gets defined further every few weeks.
This won't be the ann that puts a rocket under the SP, but one of the future anns will do that. How cheap will the stock be when that happens is the $64 000 question.
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Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $41.46M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.7¢ | $32.60K | 1.811M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 4571712 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 110000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 4571712 | 0.017 |
16 | 3011695 | 0.016 |
7 | 2507162 | 0.015 |
4 | 1350000 | 0.014 |
5 | 1994067 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 110000 | 1 |
0.019 | 1554767 | 7 |
0.020 | 1454426 | 8 |
0.021 | 1166000 | 2 |
0.022 | 2608154 | 6 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
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