Impossible to say with this activity but in my opinion today's activity suggests in the medium term it will keep climbing.
VUL's path to production has been partially and very positively de-risked by this PFS, and the rise today has actually been relatively muted, all things considered. This isn't a bad thing; traders have been all over it like fruit flies and yet it's still having a green day and the buy side keeps reloading.
ive had other stocks where positive PFS announcements have led to a red day, 'sell the news' etc. But I guess the question for you, if you believe in This company, is do you see favourable tailwinds to take VUL to production.
IMO, there should be offtake partners coming to the table left right and centre. The geopolitical risk is zero, location is right in the industrial centre of the European green revolution, and VUL has some seasoned heads steering it. Legislative / regulatory conditions are also very good, and I can't imagine funding being a problem. Furthermore, market cap is still quite small.
monday may re-rate - big maybe as today has been quite conservative - but it's irrelevant if you're confident in this company's vision.
the one question I'd have is whether a CR will be done soon... Such low SOI, quite a bit of wriggle room. Anyone shed any light on this?
VUL CHART, page-131
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Last
$6.22 |
Change
0.120(1.97%) |
Mkt cap ! $1.170B | |||
| Open | High | Low | Value | Volume |
| $6.24 | $6.37 | $6.16 | $4.915M | 784.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2419 | $6.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.24 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| VUL (ASX) Chart |