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48.5¢ viridis mining and minerals limited

Any thoughts about IXR potentially about to dump all their VMM...

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themoneyman2000

154 Posts.

23

07/08/24

14:49

Post #: 75110186
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Originally posted by insaf: ↑

the issue is ree prices and the Npv of Mei scoping study. At the moment Mei is valued at 200 mil and Vmm 54 mil, both fully diluted. In the short term Vmm downside risk is far lower that Mei. Mei at 51 k per mt nd-pr only gets you a Npv at 8 percent discount of 16 mil. Whilst I believe there can be immediate improvements, it could be taken down closer to 100 mil mc.
however Vmm at 54 mil and a scoping study at 51k usd per MT nd pr should get a 100 mil valuation by utility better met results and using a 4000 ppm at 28% than what Mei had for the lom. On this basis the market will bring Vmm up whilst continuing to bring Mei down. The question is can Vmm infill drill cupim south to include in scoping study and provide resource updates. I really hope they learn from market reaction to Mei and sector.

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Any thoughts about IXR potentially about to dump all their VMM shares to stay afloat ?

VMM Price at posting: 67.0¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 48.5¢		Change 0.010(2.11%)		Mkt cap ! $34.87M

Open	High	Low	Value	Volume
48.0¢	48.5¢	47.5¢	$21.45K	44.86K

Buyers (Bids)

No.	Vol.	Price($)
1	2078	47.5¢

Sellers (Offers)

Price($)	Vol.	No.
48.5¢	29900	1

View Market Depth

No.	Vol.	Price($)
1	2078	0.475
2	22328	0.470
2	10220	0.460
3	35023	0.455
3	33115	0.450

Price($)	Vol.	No.
0.485	29900	1
0.500	22250	1
0.515	500	1
0.520	18726	4
0.550	15000	1

Last trade - 16.10pm 18/11/2024 (20 minute delay)

VMM (ASX) Chart