I don’t think Vmm can entertain takeover talks at this point as Mei is far more advanced. We will get a clearer picture post mre and mets. Further drilling at the southern tenements might uncover the higher grade deposits. The northern and southern are in 2 separate localities - the northern are far more supportive than their southern counterparts. Hence, the major holder at Mei tends to not prefer merges - he tends to support growth then sell. I think Mei will eventually go for 40to 45c. Vmm now has a significant disparity to Mei. A 40-50 percent discount is understandable but not 70 to 80 percent discount. I believe Vmm should be at 2.20as now. I think if next round of results come through, highlighting 350mt to 400 mt at 2500 ppm this will close that gap significantly as Cupim south expansion adds the volume.
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Last
65.5¢ |
Change
-0.015(2.24%) |
Mkt cap ! $43.17M |
Open | High | Low | Value | Volume |
67.0¢ | 67.0¢ | 65.0¢ | $11.70K | 17.89K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10551 | 65.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
66.0¢ | 2704 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10551 | 0.650 |
1 | 30000 | 0.640 |
1 | 4800 | 0.625 |
2 | 21384 | 0.620 |
1 | 1000 | 0.600 |
Price($) | Vol. | No. |
---|---|---|
0.660 | 2704 | 1 |
0.670 | 1000 | 1 |
0.685 | 350 | 1 |
0.700 | 3000 | 1 |
0.710 | 10000 | 1 |
Last trade - 15.59pm 06/09/2024 (20 minute delay) ? |
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