If it makes you feel better speak to Agha yourself. Maybe me using the word cornerstone wasn't accurate. When speaking to Agha I wasn't taking notes. When we were discussing funds and their potential interest, the funds were waiting on the first set of drill results to gain confidence in the resource.
so maybe in my summary I should have used the word institution, or fund, instead of cornerstone. Either way, the reality is VMM are in discussions with funds, and the two key points are, the funds want to see VMM acquire more land if possible to align VMM with MEI if possible in terms of land holdings,and they are watching these initial results closely.
So ask yourself why would funds be looking at this closely? My impression is they can see $$ and want to get in before, on, or after the MRE. I am not privy to when it could be exactly, but early next year was mentioned as a potential, DESPITE VMM being fully funded to MRE.
Capital Raising Incoming ?, page-15
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Last
$1.69 |
Change
-0.020(1.17%) |
Mkt cap ! $107.7M | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.72 | $1.66 | $523.1K | 309.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 200 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.71 | 5614 | 1 |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$1.70 |
Change
-0.020 ( 0.71 %) |
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| Open | High | Low | Volume | ||
| $1.69 | $1.72 | $1.68 | 12748 | ||
| Last updated 15.48pm 21/05/2024 ? | |||||
| VMM (ASX) Chart |