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VML - Vital Metals (1 Viewer)

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Logic says the High Volume 076-080 Level set on 8th March could be a short term holding point.

Hoping to see an Accumulation zone form around the mid 7's at this stage prior to any further News. :bookworm:


VML 15th MArch.jpg
 
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Am guessing the story in the AFR as posted about by "the temporary country bumpkin" @Dona Ferentes, has given it a boost this morning with a nice little gap up.
It seemed as if a few new entrants were willing to pay up to lock it in today.
I was thinking this morning I expect it to hit the 10c mark shortly, and then retreat back to current levels again ready for another go....
 
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Hoping to see an Accumulation zone form around the mid 7's at this stage prior to any further News. :bookworm:

Certainly not knocking today's rise, but I was expecting a few days accumulation pattern.

Be interesting to see how the VWAP compared to the Close pans out.

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over9k

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One more day and it'll pull back according to my phd in statistics level analysis.
 
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Cap Raise.

Had to happen of course.

At least they will be able to raise at a semi decent price this time with far less dilution.

I'm guessing the 10 day VWAP is around 7 cents. I hope they don't have to discount the price much under that. Maybe 6.5 cents??

300 million shares at 6.5 cents would give them $20 million. I'd be happy enough with those numbers

Just speculating. Anyone else like to have a guess :happy:
 

Dona Ferentes

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here you go .... can I unpack the car now??

WA rare earths company gets a leg up in Canada​


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Brad Thompson
Mar 14, 2021

Little-known Vital Metals is looking to steal a march on its bigger rivals and become the next non-China producer of separated rare earths materials with the help of a Canadian province that is building it a downstream processing plant.
The Perth-based company is about to start production at its Nechalacho project in the Northwest Territories, a move that will make it become the first rare earths producer in Canada and second in North America.

While debate rages in Australia about the risk of over-investment in downstream processing facilities and where the government should focus any support, the Saskatchewan Research Council is building and will operate a cracking and leaching plant owned by Vital Metals.
The plant is nowhere near the scale of the one being built by Lynas Rare Earths – the world’s biggest non-China supplier of materials essential in everything from electric cars, to wind turbines and guided missiles – at Kalgoorlie in Western Australia, but Vital sees it as an important start.
Under the deal with the Saskatchewan Research Council, a CSIRO-like body, Vital will also be able to dispose of the low-level radioactive waste left behind by cracking and leaching.

It is the backlash over the storage of this waste that led to Malaysian authorities setting Lynas a deadline to stop cracking and leaching at the company’s downstream operations at Kuantan and prompted it to invest about $500 million at Kalgoorlie and closer to its world-class Mt Weld rare earths mine.
The Saskatchewan Research Council also plans to build a separation plant next to the cracking and leaching plant at Saskatoon.

‘A huge benefit’​

With US President Joe Biden ordering a 100-day review of weak spots in supply chains, including critical minerals such as rare earths, Vital managing director Geoff Atkins said it was an advantage to have a project in North America.
“Having a North American resource plus processing facilities is obviously a huge benefit,” he said.
“With everybody talking about how they can get mines running in five to 10 years, being able to say we’re actually going to do it this year is a massive advantage as well.”
Mr Atkins said Vital was encouraged by signals from the Biden administration that it backed Australian and Canadian integration into US supply chains for critical minerals.
He said the two countries, members of the Five Eyes security alliance alongside the US, the UK and New Zealand, were being viewed almost as “extended parts of the US”.

Growing hype​

Last month, Lynas boss Amanda Lacaze lashed out at pretenders to the company’s throne as the leading non-China producer of the critical minerals and made it clear that Australian state and federal governments should support Kalgoorlie as a rare earths hub.
She also warned against overbuilding processing infrastructure amid the growing hype around the industry.
The Morrison government has since announced that it will provide access to the $1.2 billion Modern Manufacturing Fund to help critical minerals miners push downstream by building pilot and demonstration processing plants to attract commercial-scale investment.
Mr Atkins and other key figures in the Vital team are former Lynas employees looking to cash in on the expected growth in demand for rare earths and the strategic imperative of Western nations to reduce their reliance on Chinese supply.

Vital recently signed a binding off-take deal with Norwegian rare earths separation firm REEtec for 1000 tonnes of mixed rare earths carbonate a year for five years, with an option to increase that to 5000 tonnes over 10 years. Mr Atkins said the Vital strategy was to start small and build from there.

Like other potential rare earths suppliers, the company’s share price has jumped since the start of 2021. It is up from 3¢ to 7.3¢ and has a market capitalisation of $173.8 million
 
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Maybe 6.5 cents?? 300 million shares at 6.5 cents would give them $20 million. I'd be happy enough with those numbers :happy:


I swear I didn't tap Cannacord's phones lol. ;)

Had the price correct. The boys are going for double the amount of Shares I suggested. Makes sense.

Not underwritten as far as I can see. Be interesting to see if the SP retreats at all post issue.

I won't be surprised if it keeps ticking higher particularly if the total +$40 million is taken up. That would be a big vote of confidence:cool:

Two US Funds not yet named but they obviously like what they see.


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over9k

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Don't lie barney, we both know you secretly control canaccord through a series of shell corporations registered in the cayman islands and are about to take out an eight figure position in VML whilst secretly funding a clandestine military coup to overthrow a democratically elected south american government in order to artificially influence the precious metals price. How else could you know the cap raise price?

You've been planning this for months.
 
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Don't lie barney, we both know you secretly control canaccord through a series of shell corporations registered in the cayman islands and are about to take out an eight figure position in VML whilst secretly funding a clandestine military coup to overthrow a democratically elected south american government in order to artificially influence the precious metals price. How else could you know the cap raise price?

You've been planning this for months.

Lol.

 

over9k

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P.S let me know when you're going to throw the coup, I'll buy some DFEN :p
 
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The SP looks like taking a bit of a hit on Open (to be expected)

The recent VWAP has been 071 so anything above that will be ok given the Cap Raise was at 065

Hopefully the buyers will start to trickle back in once the short term sellers leave the building.
 

over9k

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The whole market's down. I wouldn't read into it. Probably buy some more actually.
 
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The whole market's down. I wouldn't read into it. Probably buy some more actually.

Its standing up well given the down market

Had a few disgruntled Sellers dumped early but the Demand still looks fairly strong across the board

I wouldn't even rule out a close back at 079-080 (Rose colored glasses on:geek:) ... That would be a real vote of confidence

Realistically anywhere mid 7's after a large cap raise will be impressive.
 

over9k

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Unless profit taking friday bites after the madness of the U.S last night.
 
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Agreed. I'm liking the outlook for VML.

They're based in Canada. They're close to opening up. They'll be the first Canadian mine for Lithium.
More importantly, the US is hoping to make in-roads into Canadian sources of Lithium as part of their strategic policy

 

over9k

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Yeah globalisation is in its death throes.

Mexico is actually the big winner through simple demographics ;)
 
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Agreed. I'm liking the outlook for VML.

They're based in Canada. They're close to opening up. They'll be the first Canadian mine for Lithium.
More importantly, the US is hoping to make in-roads into Canadian sources of Lithium as part of their strategic policy

Rare Earths not Lithium @waterbottle ..... but I agree with your sentiment:happy:
 

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