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1.05%

47.0¢ viridis mining and minerals limited

I agree, there is a big difference with a economical MRE and a...

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TurtleTrainer

2,123 Posts.

295

03/06/24

16:38

Post #: 74141702
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Originally posted by RonaldoTheGoat: ↑

While you could be correct, MEI's market cap literally went up 400% in the weeks/months after their MRE announcement. It makes absolutely zero sense if we at VMM have a just as stellar MRE announcement (or better) and the SP goes no where.

Nothing is a guarantee with the market but MEI were at 400 mill MC not too long after their MRE. They have sinced slowed and gone backwards. It all comes down to our grades etc in comparison.

If this announcement ticks all the boxes then it is the catalyst for the re-rate to properly begin in my opinion. We are moving at breakneck speed in comparison to them and I think we should be trading at the same market cap providing our MRE is a home run. We are still FAR too cheap compared to them. Tomorrow is the absolute catalyst to answer if that is warranted or not. We shall see...

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I agree, there is a big difference with a economical MRE and a non economical MRE.

VMM Price at posting: $1.65 Sentiment: None Disclosure: Held
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(20min delay)
Last 47.0¢		Change -0.005(1.05%)		Mkt cap ! $33.79M

Open	High	Low	Value	Volume
48.0¢	48.0¢	47.0¢	$82.82K	173.0K

Buyers (Bids)

No.	Vol.	Price($)
1	9578	47.0¢

Sellers (Offers)

Price($)	Vol.	No.
48.0¢	11576	2

View Market Depth

No.	Vol.	Price($)
1	9578	0.470
1	10000	0.465
3	4019	0.460
2	15250	0.455
3	39115	0.450

Price($)	Vol.	No.
0.480	11576	2
0.570	3000	1
0.595	8337	1
0.600	68893	3
0.650	20408	1

Last trade - 15.54pm 13/11/2024 (20 minute delay)

VMM (ASX) Chart