Don't think VMS is going to be a one trick pony with the price hanging on the ballot results for nickel tenements. The ground they have is looking good. The question is do they like a lot (which they already have) or are they greedy? Either way they can't lose in the tenement stakes or can holders. I think the kicker in the price will come from lithium drilling approvals in the world class area of "Greenbushes". An announcement regarding that can't be far away.
So either way, with announcements for further nickel tenements or drilling lithium at Greenbushes (where a world class lithium mine operates in the area), people will likely top up with the forward momentum or if things quieten they can accumulate punting on the outcome of the tenement ballot and the certainty of lithium drilling.
With these scenarios, I would think price will creep up from today and explode when risk is off in January.
Today's Trading / General Commentary, page-74
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Last
1.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $28.05M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $52.56K | 4.842M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 6564455 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 900000 | 1 |
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| Last trade - 14.18pm 15/11/2024 (20 minute delay) ? |
| CRI (ASX) Chart |