Some Excellent points made here. This stock displays some interesting bid/ask dynamics. I suspect the stock is on the verge of a capital raising and Twiggy may well be a potential suitor. However new investors on the register might be a good thing too.
The intra day price action recently appears to be compressed and is lagging in comparison to say BOE and BMN.
I would like to see the price exceed 5c and settle around 7 or 8 cents. If U prices continue to rise this is not out of the question. Another raising at 5c would not be a complete disaster in this scenario. However, as I previously posted management have now an execution task with regards to contracts. If the Uranium market price continues to rise, contract execution will be made much easier, however VMY is approaching crunch time and the behaviour of the markets over the next 4 weeks will have a lot to do with price structures of a capital raising and potential contracts.
If contracts are not on the table or MOUs in place I think a wholesale investor might overlook VMY at above 5 cents. In terms of entry and timing to buy in, that is anybody's guess and if fundamentals of the commodity remain strong going forward, it wont matter what your entry price is in the long term.
VMY Price at posting:
4.1¢ Sentiment: Hold Disclosure: Held
