VMM 0.70% 70.5¢ viridis mining and minerals limited

Ann: Trading Halt, page-46

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  1. 1,174 Posts.
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    True enough WhiteGoldLith. I'm thinking the timing may have caught a few off guard who were expecting the ann a bit later in the month.

    Although the bots have been very active the volumes have been on the low side these past couple of weeks, which leads me to think that many won't have got their fill of VMM yet.

    Anyone wanting in from here will need to pay a premium post ann creating significant buying pressure on what is a fairly illiqiud stock.
    With a presumably soon to be confirmed high quality and large quantity resource it is a significant step towards derisking the project.

    With mets already showing a low cost extraction, a JV extraction partner on board and state government approvals lined up the MRE is surely going to initiate a rerate.

    Then next stop scoping study and PFS and DFS maybe before the end of the calendar year.

    Pretty exciting time to be in this stock IMO.

    Let's see how hard the bots are working next week for insto.com...

    https://hotcopper.com.au/data/attachments/6215/6215184-bc409c61614a7e209b5cac70b86b55e4.jpg




 
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