In terms of catalysts for share price appreciation, the market will respond most positively to realised value / potential that is both significant and difficult to quantify. The Golden Grove North prospect represents exactly that for VMS in the very immediate term.
In contrast, Riley has a circa two year mine life with somewhat limited upside.
IMO, the positive share price movements over the last fortnight or so, have absolutely nothing to do with Riley or IO, but rather Golden Grove North VMS potential and if we do drill into Massive Sulfides as is looking increasingly likely, I would expect a rapid share price re-rate beyond what Riley would deliver.
Ann: Investor Webinar Presentation, page-26
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Last
1.9¢ |
Change
0.001(5.56%) |
Mkt cap ! $46.34M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.9¢ | $2.08K | 109.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 56 | 12004290 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 7859677 | 19 |
View Market Depth
| Last trade - 10.30am 24/07/2024 (20 minute delay) ? |
| VMS (ASX) Chart |