Yes your notes re: Riley significance are aligned with the comments in my post, however IMO the Riley production is already factored in the current price and therefore the announcement of shipping commenced will not be the SP catalyst people believe. Not stating it is not a significant milestone for the future of VMS as a business as I had also noted. It is the significance of operating as forecast, managing costs and showing proven sales which will provide greater upside.
My post was relating to the chart and the current catalysts that I see playing out in the short term.
VMS - CHART, page-631
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $43.90M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.9¢ | 1.8¢ | $125.5K | 6.970M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 7299478 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 285855 | 2 |
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| Last trade - 15.59pm 02/08/2024 (20 minute delay) ? |
| VMS (ASX) Chart |