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VMM better than MEI, page-153

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watchthisrise

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27/04/24

05:35

Post #: 73533809
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Originally posted by Scarpa: ↑

Do I need to explain my post again. It is self explanatory. The market is betting MEI will get to production before VMM. In production, SP and Market Cap actually becomes a function of EPS and PE ratios, so there is no comparison to make between MEI and VMM. Noting SOI will also depend on how capex is funded, should the projects be considered feasible, and at this stage both still need to do a DFS.

However, if the market changes its mind and decides VMM will get to production before MEI obviously VMM's share price will go gangbusters and MEI's won't. It will also go gangbusters if the market thinks VMM will get to poduction, even if MEI is in production or on the road o production as well. They are 'ifs'.

The scenario you are pointing out is irrelevant. The facts ar as follows:

1. MEI is considered by the market to have better resource definition and is considered to be more progressed than VMM.
2. Everything after that is irrelevant at this time and explains the differentials between MEI and VMM. Obviously if VMM get to the same stage as MEI, and MEI has remained stagnant, then VMM's SP has a lot moe growth in it. But if MEI is in production and VMM is still on the road to production then I would expect MEI's market cap to be much higher than where it is now too. Nothing stays stganant is my point and your posts are too hypothetical at this stage. The market has made its curnent valuations for MEI and VMM where they are currently at - been no DFS and sill a big if if they get to production and when, but the market is betting MEI is ahead of VMM.

You obviously believe the market is wrong. I think both stocks are good long term investments, but that assumes they both get to production.

I will leave it at that. There is nothing more to discuss, but for me I will keep an open mind on both stocks.

All IMO

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@Scarpa,

I think you answered the 2nd part of Q-2 with the following statement?:

''However, if the market changes its mind and decides VMM will get to production before MEI obviously VMM's share price will go gangbusters and MEI's won't.''

I don't believe that achieving '' getting to production first'' will/ would be the only factor that determines if VMM's SP will rise at a faster % then mei; Therefore, it's a fail.

Someone else can have a go.

Last edited by watchthisrise: 27/04/24

MEI Price at posting: 22.5¢ Sentiment: None Disclosure: Not Held
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Last 11.0¢		Change -0.010(8.33%)		Mkt cap ! $218.9M

Open	High	Low	Value	Volume
11.0¢	11.5¢	10.5¢	$771.2K	7.171M

Buyers (Bids)

No.	Vol.	Price($)
29	1899185	10.5¢

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Price($)	Vol.	No.
11.0¢	3319919	24

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No.	Vol.	Price($)
24	1809935	0.105
49	2590081	0.100
2	135000	0.099
1	102040	0.098
4	142907	0.097

Price($)	Vol.	No.
0.110	2678544	13
0.115	1097316	8
0.120	160000	3
0.125	231916	4
0.130	325500	3

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VMM better than MEI, page-153

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VMM better than MEI, page-153

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