VUL 5.32% $4.55 vulcan energy resources limited

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  1. 237 Posts.
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    I first bought in at 0.51 back in 2020, then some more at 0.95.
    Sold most at between $7.85 and $14.64 the next year as I thought the SP was overcooked given how far development and funding had to go.
    I still retained a lot of shares and my holding cost is negative 6 figures.
    I kept the faith even when the SP went down to just over $2 earlier in the year, but unfortunately had little cash then to top up.
    But I topped up at $4.11 recently as I still think it's a great buy given how much progress has been made.
    Getting to $16 will depend on the timing and structure of financing, plus the lithium price and production timeline.
    If the stars align that's possible.
    Regardless, i still think there is a lot of upside in the next couple of years as the project is de-risked and funded
 
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