Considering that the MVWAP (Market Volume Weighted Average...

Considering that the MVWAP (Market Volume Weighted Average Price) has touched AUD$0.04c (or slightly above or below) about 12 times in the last 6 weeks I would see the A$45m placement @ $A0.04 to be a strong vote of confidence. Yes it could have been delayed for when the SP may perhaps be higher but given the overall market volatility either way is a risk. Importantly, it's done and business can proceed on to its destination having secured funds to ensure they can deliver on existing and pending supply agreements.

I have been a holder as a LT investment (have not sold any shares) since early 2020 and have followed VML closely in that time, so I have ridden the REE wave up and recently down. If you compare VMLs chart with the REMX in particular and also the MVREMXTR ETFs listed on NYSE you will see there is a lot of correlation but can tend to lag. Currently VML appears to have headroom to lift up to a more normalised correlation following the recent market volatility. Other technicals such as weekly chart MACD, RSI, CCI all look good for uptrend as well.