VML 0.00% 0.2¢ vital metals limited

rot stopped, page-3

  1. 9,085 Posts.
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    I don't think the 1m splits will amount to much.

    And I doubt the they'll have any meaningful movement on Watershed for a while. There's a few of these tungsten projects kicking around the ASX and they don't get much premium because... well... no one's interested. Are VML going to be the first mover in the space...? with no mgt, on an old project they've been JV selling for a long time?

    Even with a new MD, it'll probably be next year before they get a phase three underway in BF. And another cap raise.

    The problem the VML share price has now is the same problem it had when Dr Carr said he was moving on. There's no one to move this forward, there's no promotion, there's nothing happening.

    They might have something interesting in BF, sure, but I think it'll ages before any of us find out.

    And with all the ground being pegged and drilled in West Africa, and all the excitement over finding the next big thing, if you were sizing them all up for a new investment, why would pick VML?
 
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