General Discussion, page-38

Good call, absolutely no facts to support VMT performance being dismal compared to the market and its piers through the extremely difficult times our world has been experiencing.

Following Covid 19 smashing VMT down to 11 cents along with the stock markets in general in Feb 2020, we all got excited when VMT shot up after a first half profit of $1.8m which was twice the previous half. Who would have thought VMT would bounce up to 65 cents and trade at a PER of 45.

It wasn't alone in jumping well above its weight.
*Vmt did a 6X bounce from 11c to 65c
* Niu did a massive 7x from $6.9 to $48
* the ASX 200 did a more modest 7% rise.

Confidence in the future collapsed with the second and third waves of covid, China flexes its muscles and Putin loosing his mind and invading Ukraine.

All that of course had dire consequences to share markets.

All the big early gains after the Feb 20 collapse have been wiped out across the market but it seems VMT is holding its share price way better than NIU and ASX 200.

Since Feb 2020.
* Vmt is up from 11c to 38c ( +245%)
* NIU is up from $6.90 to$7.81 (+16%)
*The ASX 200 is up (+36% )

I think we are on a good thing here.

There is always a lot of pressure on the sell side in June bought on by superfund rules around compulsory pension withdrawals and folks realisiing tax losses to offset realised profits.