DRE had a CR TH 1 day after VML, raised 12M via instos at 6c to focus on their REE tenement for a whole year due to recent lab results. It closed at 8.5c today.
Bigger market cap than VML, no JORC until end of year, and the results indicate an initial resource far smaller than what VML has. They do have other projects though, but the main focus is on REE now.
VML seems undervalued. They're established, have mined, have a large proven resource that is being expanded, and are about to get off the ground with processing and passing on product to customers. Investors would be mad to sell for a quick flip vs holding future potential.
DRE had a CR TH 1 day after VML, raised 12M via instos at 6c to...
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Last
0.5¢ |
Change
0.001(11.1%) |
Mkt cap ! $29.47M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $13.93K | 2.787M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 60 | 23432786 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5302367 | 23 |
View Market Depth
| Last trade - 12.09pm 30/04/2024 (20 minute delay) ? |
| VML (ASX) Chart |