VMM have optioned several thousand at a rate of $1000-1200 USD per HA. That's $1,200,000 USD or a outlandishly crazy high $1,800,000 AUD per 1000 HA.
they have optioned thousands of HA, owing millions to vendors if they choose to acquire @mho25 are you aware of this??
Two scenarios
1) they acquire , dilute massively with a big capital raise and stock drops after as dilution and capital rise would be very detrimental. Share price is likely to go down as it's all he announced and factored or priced in the share price
2) they don't acquire, lose the land and share price will
still end up going down
Both scenarios are not favorable to the share price, a classic Zugzwang. both outcome lead to share price dropping.
most of their JORC drilling is done, so not really any more drilling with high grade results, if they do come it is high unlikely to be factored into the JORC they plan this year
Not ramping, I am just curious to see others people views about this topic I don't see being discussed , hence this new thread
VMM have optioned several thousand at a rate of $1000-1200 USD...
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$1.59 |
Change
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Mkt cap ! $101.0M | |||
| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Change
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| Last updated 15.46pm 10/05/2024 ? | |||||
| VMM (ASX) Chart |