VML 20.0% 0.2¢ vital metals limited

Ann: Significant Cobalt from Initial Sampling at Aue Project, page-13

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 7,557 Posts.
    lightbulb Created with Sketch. 1776
    It could be that the market now sees Watershed as a genuine liability. If the transaction falls over, we're left with it which means we need to fund and develop it, or find another buyer.

    When the cash is in the bank and we've been relieved of the liability, then we can ask the market for a rerating. A low SP probably doesn't hurt the SH vote in favor of the transaction either.

    And I have to disagree about the mismanagement with respect to the CR. We had no choice. Imagine going into a negotiation like we did with zero cash. We'd be screwed. At least we showed we can raise capital and we're prepared to at least give the development a crack. The CR cash no doubt helped us secure a better price than we would have otherwise received.
 
watchlist Created with Sketch. Add VML (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
-0.001(20.0%)
Mkt cap ! $11.79M
Open High Low Value Volume
0.2¢ 0.3¢ 0.2¢ $739 359.5K

Buyers (Bids)

No. Vol. Price($)
79 83627820 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 38224373 52
View Market Depth
Last trade - 15.44pm 01/11/2024 (20 minute delay) ?
VML (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.