Australia's largest stock trading and investment forum Australia's #1 stock forum

VMY

Click for more information

0.00%

19.0¢ vimy resources limited

Now the CR is $15m at 17 cents.

First 34 Last

Share
Profile

Follow
newB

6,920 Posts.

518

07/03/22

19:13

Post #: 60041079
Share

Originally posted by 07Slavesam: ↑

Just my two cents. For comparison to VMY, Deep Yellow has recovered some of it's post Ukrainian Power Plant fire losses since Friday, dropping from 90c to a whopping 72c and now trading around the 82c mark. Sentiment can shift quickly can't it. The pre-open on Vimy, which will likely change greatly tomorrow is probably looking as expected with a 5% - 10% fall. A 10% fall bring us to where DYL is at the minute.

I'd suspect that VMY continue to pursue the capital raise, not sure how they can't at this stage. However, the issue price will need to be reduced. I agree with others sentiment that dilution is a pain, but they are only raising $20mil, so the dilution won't be massive and my opinion is that the cash is necessary to unlock further value at Mulga and more importantly Alligator River.

All the best,
SS

Expand

Now the CR is $15m at 17 cents.

VMY Price at posting: 22.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

CC9

Wyoming could be America's next hard rock battery metal province – and Chariot Corporation can help

AI stocks: What to expect in 2024-25

FMG

Andrew Forrest was seemingly possessed by the spirit of hydrogen – now he's cut 700 jobs and canned FFI

Talking Australia's very competitive property landscape: Realty Talks

NRX

Noronex joins forces with South32 to look for copper in Namibia

There are more pages in this discussion • 8 more messages in this thread...

First 34 Last

Add VMY (ASX) to my watchlist