Too cheap imo, low risk long term entry under 20c.
150M shares +A$8M cash. EV~A$20M.
I wonder how much VMS would be worth if it sat in WA?
Close to rail (which BHP,FMG and RIO dont own), power, water, services, port, operating mag mine next door going since 1960s. Strike potential. Tin credits? Possible DSO? Steak knives?
Big cap raising done with 10000m kicked off, used 7 years in the PFS, they need +20years, have the leases to do it and possible DSO for cash flow.
Chart, sitting at trend support presents low risk entry. If it does hit 200dma buy with both hands.
chart
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Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $61.2M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.8¢ | 2.6¢ | $87.26K | 3.291M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 447596 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 1676513 | 11 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| VMS (ASX) Chart |