I understand everyone's concern and/or frustration however this delay isn't really that long considering some other stocks around doing exactly the same thing right now and overall considering what some other stocks (looking at you QPM) are doing, we really havent dropped the ball here.
the sell off is quite modest really, no Matrix deal and no FID this year and we only dropped to 5c (approx. 10% today).
The floor isnt falling out, the project isnt being cancelled, we have enough cash to simply wait. In a year economic macro will likely be much better, and if vanadium price starts climbing by then its smooth sailing.
Most people are selling as 9-12 months is a long time, anyone hoping for a quick buck is gone, and several risk conscious traders probably decided that 9 months of uncertainty wasn't worth the risk.
I am totally unbothered by this, as soon as Matrix didnt close it was nearly inevitable that we had a delay of some kind. That being said I will be monitoring progress in the next year. They will have to get offtakes and line up debt well in advance of FID so theres a lot to look forwards to but some milestones I will be making sure take place or I will be readjusting my bet accordingly.
- Forums
- ASX - By Stock
- Ann: Steelpoortdrift and Tweefontein Projects Update
I understand everyone's concern and/or frustration however this...
-
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VR8 (ASX) to my watchlist
|
|||||
Last
4.3¢ |
Change
-0.002(4.44%) |
Mkt cap ! $24.19M |
Open | High | Low | Value | Volume |
4.3¢ | 4.4¢ | 4.3¢ | $9.884K | 227.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 457415 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 84548 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 457415 | 0.041 |
2 | 116894 | 0.040 |
3 | 147878 | 0.035 |
4 | 240627 | 0.032 |
1 | 40000 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 84548 | 1 |
0.045 | 45000 | 1 |
0.052 | 151589 | 1 |
0.055 | 16666 | 1 |
0.069 | 86103 | 1 |
Last trade - 11.42am 19/08/2024 (20 minute delay) ? |
Featured News
VR8 (ASX) Chart |