Was expecting more carnage on this one today
Looks like this stock has a loyal fan base buying the dip
VML bought this project for around $14M because the original Capex was around $2B, making it nearly impossible to fund
They made a plan to do it in smaller stages as i understand. But how are they going into production without any idea of profitability? It doesn't make any sense and never did. You cant be in production selling something not knowing and understanding your cost base and the viability of the business operations.
Ann: Vital Pivots Strategy and Provides Capital Cost Update, page-51
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.79M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $2.272K | 914.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 70 | 88703221 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 22967608 | 28 |
View Market Depth
| Last trade - 13.01pm 09/09/2024 (20 minute delay) ? |
| VML (ASX) Chart |