Insto involvement is what gives credibility to a project. Yes it does increase liquidity and with that comes the standard volatility. However, at some point only doing internal within major holders will mean that stocks are tightly held but it doesn’t attract new money. These latest results are basically confirmation of the high potential of this deposit. It would be interesting to see who is on board. I keep comparing this to wa1 and wa1 truly moved after it did a CR to Regal funds management on 11th may 2023 at 2.75. It never touched the CR price and within a month smashed 6 dollars. Today it is sitting at 16 dollars.
I don’t think it will be cornerstone investor as this would be mentioned. I definitely hope it’s not a raise to a broker for another 3 million. This one needs to be 10 to 15 million to cover the METS, MRE and scoping study along with the ongoing drilling.
Insto involvement is what gives credibility to a project. Yes it...
Add VMM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.50 |
Change
-0.005(0.33%) |
Mkt cap ! $101.3M | |||
| Open | High | Low | Value | Volume |
| $1.58 | $1.60 | $1.49 | $797.9K | 512.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1824 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 9969 | 1 |
View Market Depth
| Last trade - 12.30pm 08/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.50 |
Change
-0.005 ( 0.49 %) |
||||
| Open | High | Low | Volume | ||
| $1.54 | $1.60 | $1.48 | 106734 | ||
| Last updated 12.45pm 08/05/2024 ? | |||||
| VMM (ASX) Chart |