The very recent broker valuation of 35c and buy recommendation on the companies website by Argonaut based on the recent update has had no effect. Directors were active buying on market through March and April and early May but non existent since. Argonauts seem to be the main research coverage for the stock together with Hartleys. In the last 18 months Argonaut have purchased the grand total of 35,636 shares. I find that bizarre. What I had hoped was a great undervalued and oversold company operating in mostly the safest states in Australia re covid has been completely incorrect and still sits at 3 year low prices with very little buying interest. I certainly mis read this one even allowing for the expected covid set backs.
VMX Price at posting:
16.0¢ Sentiment: None Disclosure: Held
