Market sentiment has turned back up on lithium and rare earths
- recognized it is oversold and now a strong buy
- recognized the global commitment to renewable energy isn’t going anywhere
- massive global urgency to reduce dependence on China
- unfortunately, increasing spectre of war in Europe and with China = massive increases in defense spending >> see above the dependence on China
- anyone wondering why the Chinese have manipulated down the price to drive out competition for anyone but their low cost (low quality) producers
unfortunate but true
rest assured the west and especially US and as an extension markets will move on this
fear of a market meltdown is actually turning into a market melt up
expecting the correction on commodity prices to continue from here and stocks to quite quickly regain their losses especially quality high grade, low cost, high potential projects like VMM
think this will move fast back toward $2 and new highs in next news with drilling results ongoing - nothing we’ve reviewed so far says it will be anything but more of the same or even better. Management are moving fast.
once RE prices regain think this should be at $3+ and $5 for their mineral estimate - would be a commensurate market cap. Not yet now but this year. Will begin to move that direction in the meantime.
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Last
68.0¢ |
Change
0.020(3.03%) |
Mkt cap ! $44.82M |
Open | High | Low | Value | Volume |
67.0¢ | 68.0¢ | 66.0¢ | $9.177K | 13.63K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8660 | 68.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
70.0¢ | 3000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8660 | 0.680 |
1 | 12060 | 0.675 |
1 | 1538 | 0.650 |
2 | 40000 | 0.635 |
1 | 5000 | 0.620 |
Price($) | Vol. | No. |
---|---|---|
0.700 | 3000 | 1 |
0.720 | 10500 | 1 |
0.780 | 17500 | 2 |
0.805 | 18609 | 1 |
0.850 | 5057 | 2 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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Simon Kidston, Non--Executive Director
Simon Kidston
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