It now appears that all the sellers in the last run have been exhausted.
No trades in the first 30 mins points strongly to this & there has been insane soaking at the 2.5/6 level for the previous 2 sessions
The next wave of demand should send this to higher highs in to the 3's now.
There is a lot to like about the Gold projects which are adjacent to Genesis Minerals (GMD)
Being adjacent to a major producer has so many advantages. VRL is instantly a takeover target for GMD should there be enough Oz of Gold to be attractive. It would be an 'easy acquisition' There are 3 active prospects in the Laverton Gold Region which are ALL being drilled (initially via Air Core)
- Star Well
- Triton
- Korong
So VRL isn't wasting any time here & why would they? They are in Tier 1 Gold Jurisdiction with a natural acquirer (GMD) next door.
Usually Aircore drilling is a bit of a non-starter in micro cap land - I say usually, because it's always the precursor to RC or Diamond drilling.
HOWEVER in the case of the Triton project, Air Core drilling in 2022 & 2024 produced the below results!!
In the current Gold Climate, if the current air core program produces anything anywhere near to that, this will instantly multi-bag & be on it's way to perhaps 30-50m mkt cap as its first stop (10-20c)This is just the excitement for the gold project - I haven't even discussed the Brazillian REE project or the Botswanan Copper Projects which has "discussions continuing for potential corporate event"
Add to all this, the director just purchased a mountain of stock to take himself to 19.99% shareholder...It doesn't take much to join all the dots here & see this stock could have a very large re-rate if things go right.
(20min delay)