Like everybody else on this forum I reckon VMT is in a great space for the future. They are profitable and I see nothing wrong with having a factory in China. As you have pointed out, there are lots of companies with manufacturing in China and sales all over the world. VMT and the other such companies are not getting in the communist party's way, the people employed are effectively being paid and raising their living standards at the expense of Western nations...what's not to like for Xi Jinping?
Anyhow, when I look at the longer term chart for VMT ( 3 years) I can make a case, in my head, that the price could fall to $0.22. Now that would seem to be crazy but we do know markets can be crazy.
Is our market and/or other Western markets reaching a high point? Who knows ?
Still, one would expect over a longer time frame , 3 to 5 years, VMT should make money...but never say never ?
Can only be China, page-4
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Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.18M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.5¢ | $27.49K | 233.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 50000 | 1 |
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| Last trade - 15.50pm 18/09/2024 (20 minute delay) ? |
| VMT (ASX) Chart |