Australian (ASX) Stock Market Forum

VML - Vital Metals

Joined
17 August 2006
Posts
6,007
Reactions
5,553
Price action has followed script. The "Red Friday" kind of sealed the deal.

Day Traders were out very early after the Open and the "Elvis" impersonators cashed in their chips:cool:

The 069 level looks to be todays "battle ground" but given the great wall of China being set at 070-072, it looks clear that there will need to be another accumulation period (retracement??) before any serious move higher from here.

All pretty much as expected. The next major port of call is the proposed June Production announcement. Traders will be jockeying for position between now and then. Any serious dip before then will likely be a buying opportunity in my opinion.

(Bearing in mind I am an openly biased VML Bull and speak with lop sided tongue :wacky:)

1650590434270.png
 
Joined
3 May 2019
Posts
4,001
Reactions
5,383
Mostly in agreeable terms with what you have said Mr B, however, the post 3pm bum rush today may give an indication of next week's direction?
I feel this 5 day chart tells a story. It takes a decent churn to make butter.

Screenshot_20220422-134337.png


Maybe I have the blinkers on @wayneL
Do you think I could get a cuppa, or even a bag of tea leaves? Show ponies...

IMG_20220419_145402324.jpg
 
Joined
17 August 2006
Posts
6,007
Reactions
5,553
Curiously, what did you make of the CLOSE @frugal.rock :bookworm:

Between my BULL, your butter churning COWS, and @wayneL 's borrowed HORSE,

We should be able to assess where this "Noah's Ark" will head in the medium term;)
 
Joined
3 May 2019
Posts
4,001
Reactions
5,383
Curiously, what did you make of the CLOSE
I had anticpated that it may have had a late push along, a strong close, but that didn't eventuate.
Wasn't weak either though, supply absorbed.
Not surprising with market macro's today though.
Have to say, that the current data and pattern is outside my scope of understanding/ experience.

Will be interested to see what it does next week though. 🧐
 
Joined
17 August 2006
Posts
6,007
Reactions
5,553
it looks clear that there will need to be another accumulation period (retracement??) before any serious move higher from here.

All pretty much as expected. The next major port of call is the proposed June Production announcement. Traders will be jockeying for position between now and then. Any serious dip before then will likely be a buying opportunity in my opinion.
The old trading account has taken a bit of a hit last couple of weeks and the weak MIG obviously exacerbated the anticipated retrace with VML, but I thought the short term bottom looked in earlier today.

Given I sometimes listen to my own advice , I bought another handful today simply because it is was a buying op:cool:

Just to show I don't fib :happy:

1652236531690.jpeg
 
Joined
17 August 2006
Posts
6,007
Reactions
5,553
Rough month or so for many of the Small cap RE brigade.

I saw a $200,000 order go through a few days ago at 4.4 cents then the lid went on the SP

In for a penny in for a pound so I picked up 2 more handfuls, 100K shares at 4.3 and 4.1 cents respectively.

Long term hold for me until there is a reason not to be:jimlad:

Nice to see a little positivity back on the SP at least.

1657000832010.png
 
Joined
17 August 2006
Posts
6,007
Reactions
5,553
Wouldn't want to get you too excited but I noticed a bit of buying in other rare earths stocks the last few days.

Yeah, the sector has been very "subdued" Pete. VML has been an "accumulate" trade for me for a long time now, so swing lows are just another reason to raid the piggy bank :cat:

Assuming the World doesn't end, I'm really keen to see how the crystal ball looks in around 2-3 years from now.
 
Joined
29 November 2012
Posts
36
Reactions
67
Rough month or so for many of the Small cap RE brigade.

I saw a $200,000 order go through a few days ago at 4.4 cents then the lid went on the SP

In for a penny in for a pound so I picked up 2 more handfuls, 100K shares at 4.3 and 4.1 cents respectively.

Long term hold for me until there is a reason not to be:jimlad:

Nice to see a little positivity back on the SP at least.

View attachment 143688
I must admit i bought 150000 more at 4 as well and im in the same boat as im planning to hold for the long term.
 
Joined
3 May 2019
Posts
4,001
Reactions
5,383
Interesting though, the rest of the market today has generally reacted post the RBA 0.5% rate rise.
VML was pre. 😘
 
Joined
17 August 2006
Posts
6,007
Reactions
5,553
Not any massive push price wise off the news today. News was essentially good, with some room for improvement on the 2nd phase tailings.

Pretty tidy first run for the new Plant .... chug chug in the short term.

1657242080719.png
 
Joined
3 May 2019
Posts
4,001
Reactions
5,383
As we humans become obsolete, rare earths containing products will be essential for automation.

Eg; @barney here on ASF hasn't been serving me drinks at all, ever.
So i replaced him with a more useful Barney. Less character, but that's beside the point after I've been served a few...

Introducing the Barney Robot.

 
Joined
17 August 2006
Posts
6,007
Reactions
5,553
Introducing the Barney Robot.
Lol, You are a funny man @frugal.rock

I wish I had a little more time for the "old banter" we used to partake in when the market was friendlier, lol.

It seems however that you have discovered why I am unable to partake in said ASF banter as often!


Yes I have a Robot business. I am in fact a Robot myself, and am AI generated (artificial intelligence for really old people!) :nailbiting:

For the record, my Robot mind tells me to "widen the Range" on my VML holding to decrease any chance of being stopped out, as the extra wiggle room could end up making my kidz quite wealthy!;)

ps It may not make me wealthy because I am "almost" really old!:wheniwasaboy: (even though I am a Robot in real life of course, lol)


(pps Please apply the appropriate weekend/Monty Python filter to any Saturday/Sunday posts, as they may contain nuts)


pps. On a slightly more serious note, I am happy to Hold my (substantial) VML holding for at least the near future:couchpotato:

ppps. Have a good weekend!
 
Joined
17 August 2006
Posts
6,007
Reactions
5,553
@barney what’s your thoughts on the CR with Lionhead Resources?
Hi Gav (@Gavin Atkinson)

Yeah, not totally surprised they have gone for a cap raise but wish it was at a little higher SP

The only real negative is more dilution (SOI),

The Co is at a pivotal stage and $30M will set them up nicely to carry on to Stage 2 of development.


Looking with my rose coloured glasses, we have a respected Investment company happy to fork out a large amount of moolah at 4 cents

$30M is obviously not small change so it's a big vote of confidence.

There has been an obvious "cap" on the SP in recent weeks with 4.4 cents being the lid (in my view)

I'm backing the SP to break higher now that the cap raise is out in the open. We shall see:cool:
 
Joined
29 November 2012
Posts
36
Reactions
67
I just bought another 200000 at .042 to make up for the extra stock which is going to be in circulation. Its a good thing they are trying to keep debt low, with a vote of confidence from some big players. It would be nice to have another offtake agreement signed in the near term but im in it for the long haul.
 
Top