The market took $12M off MC yesterday solely due to the shutdown of Riley. Don't forget the market mostly saw VMS as an IO producer (like it or not). The profits from Riley are not lost, just delayed. So one should reasonably expect that once Riley resumes operations, the market will re-value VMS to levels it was prior, i.e. 30% higher than today. There are still downside risks of course, but the upside benefits are now much larger.
The market took $12M off MC yesterday solely due to the shutdown...
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Last
1.8¢ |
Change
0.001(5.88%) |
Mkt cap ! $43.90M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.8¢ | $8.289K | 460.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 3758689 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 2459386 | 6 |
View Market Depth
| Last trade - 12.25pm 07/08/2024 (20 minute delay) ? |
| VMS (ASX) Chart |