I think it's a vary valid question in lot of people's mind.Why the vendors of VMM's Colossus Project didn't offer the project to MEI?
As per the binding contract entered into by MEI for Caldeira(see photo) with their vendors Togni, any project acquired within 10km of the Caldeira project areas automatically incurs a 4.75% royalty to Togni.
This will possibly explain the difficulty in MEI acquiring the Colossus project areas from Varginha(Vendors for VMM), because Varginha obviously would want to have the royalty from Colossus project to themselves hence they gave the project to VMM instead?
I think it's a vary valid question in lot of people's mind.Why...
Add VMM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
69.5¢ |
Change
0.005(0.72%) |
Mkt cap ! $45.81M | |||
| Open | High | Low | Value | Volume |
| 69.5¢ | 70.5¢ | 67.0¢ | $34.75K | 50.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1481 | 67.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.0¢ | 5000 | 1 |
View Market Depth
| Last trade - 14.36pm 23/08/2024 (20 minute delay) ? |
| VMM (ASX) Chart |