VMY 0.00% 19.0¢ vimy resources limited

Setup looking positive for a larger move, page-25

  1. 362 Posts.
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    Looking forward - with a current market cap of $26m. I would say that the Mulga Rock asset value is extremely cheap. Regardless of industry/company historic decline, there is upside value

    my sense is the bottom is roughly in. And uranium industry has a huge amount going on. Especially over 6 months.
    - s232 mid July - release bottle neck. Provide clarity. May be significant for Australia
    - Cameco still to buy 14 million pounds from spot this year
    - utilities coming back to market in August
    - contracting about to start Q1 2020
    - London September 2019 nuclear symposium will accelerate contracting
    - such wow exploration could be suggestive of another 25 - 50 million pounds
    - and who knows...Cameco workers strike or another event could be ... Explosive


 
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