$1.62 touched the upper trend line which was the previous breakout.
a hold of support on that line would confirm the lower channel breakout and new trend formed.
Sentiment updated to buy reflecting actions today. (just a small top up on that re-test, haven't bought anything really since my initial entry. Also haven't sold any.
80m MC seems very cheap given
bre 300m IPO and 1/3rd the grade. probs similar scale
Mei 400-450m and similar grade. probs bit larger scale.
I think VMM should be around 200-250m IMHO. especially once the MRE drops in H1 2024. Only MEI can rival this in terms of grade and size. That's ~2-3 times upside from here in short term.
Long term value could be much higher.
would Still be a profitable operation even at these REO by my calcs. Very strategic value given not many other economical REO sources outside China at depressed REO prices.
SF2TH
VMM - Charts, page-30
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Last
46.0¢ |
Change
-0.020(4.17%) |
Mkt cap ! $33.07M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 48.0¢ | 46.0¢ | $102.7K | 220.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1299 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 7525 | 1 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| VMM (ASX) Chart |