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VMY - Vimy Resources

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The 50% premiun on the EMA float looked encouraging (as a shareholder), but it looks like this is only the beginning. Stock continues to run. Any thoughts?
 
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Re: EMA - Energy and Minerals Australia

According to my calculations, EMA would have to rise about 7 times from the current 43 cents to be at the same market cap. per Lb of U308 that the Kintyre deposit was sold at. Now the WA government has changed, maybe other companies will be looking with envious eyes at EMA? Kintyre sold for AU$6.70/Lb and EMA is trading at AU$1.00/Lb of resource (based on the current 231m shares).

Rio Tinto has agreed to sell its Kintyre uranium exploration project (in Western Australia) to Canada Cameco Corp and Mitsubishi Development Pty Ltd for $US495 million ($518.94).
EMA has 46,500t U308 at Mulga Rock (with associated nickel and others) at a grade of nearly 1kg/tonne (940ppm), at an open-pittable depth of 38-55m. Kintyre is 36,000 tonnes U308 at 1.4-4.0 kg/tonne U308.

(EMA Website) Associated with the uranium mineralisation, or underlying it, are layers containing significant amounts of oil, nickel and cobalt with possible credits of gold, vanadium, Rare Earth Elements ('REE') and other elements. The full extent of this mineralisation is presently not known.
 
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Re: EMA - Energy and Minerals Australia

Mike Young BC Iron is now CEO

Total corporate restructure and debt restructure.

Could be a good earner EMA !!!
 
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Re: EMA - Energy and Minerals Australia

Mike Young BC Iron is now CEO

Total corporate restructure and debt restructure.

Could be a good earner EMA !!!

Yep great share price action now that Twiggy Forrest has bought in...
 

System

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On December 16th, 2014, Energy and Minerals Australia Limited (EMA) changed its name and ASX code to Vimy Resources Limited (VMY).
 
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Good morning Uranium Stock Holders
Even there was no postings here for 5 years, VMY has not stopped its journey however.
It has raised capital, progressed with few studies and probably again looking for new capital.
Last few days the pendulum motion on stock price and high volume are very interesting.
Dr Tony Chamberlain, resigned as COO and joined the board instead. He has been the brain behind the project ?
Could be a warming up to step into role of MD with Mike Young's departure or some thing different strategically following scoping study completion and Mulga Rock advancement.
Interestingly, the DFS study has stated NPV of $500 M, with the basis of market price of Uranium $60/lbs and spot uranium price is still less than $30 /lb . So would there be any magic expected ??
TradeTech$29.10 US$/lb February 07, 2019; UxC*$28.90 US$/lb January 28, 2019
Mulga being in WA, would the approval really be coming in near future ?
Project's project AISC for Uranium is still much above than the spot price by company's own projection.
What do you think folks? PEN is the only producer but is not flying either.
DNH
https://www.asx.com.au/asxpdf/20181213/pdf/4416gyhm9m6qv6.pdf
 
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Noticed that someone (not me) has a current buy order for 1 million shares at 0.062 which is the current market price.

That's 3 times today's volume so someone's keen. :2twocents
 
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Noticed that someone (not me) has a current buy order for 1 million shares at 0.062 which is the current market price.

That's 3 times today's volume so someone's keen. :2twocents
Interesting indeed. So I believe if that order was a real one, there will be many more bids today. Company may need fund to sustain.
Wild guess is nuclear race due to Russia withdrawal from INF and hence geopolitical pressure on uranium.
Or Twiggy buying ?
DNH.
 
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A sneak preview on major holders of VMY. Iron Ore Magnet Mr Andrew Forrest indirectly holds 13,71 % with RCF 16.19%. So hopefully there will be not much dilution excepting typical S 708 capital to favoured investors.
My wild guess on April 1 is with Julian Tapp leaving (who was the spokesperson for FMG back 2008) probably Forrest Family will sell some of their family jewels kept on VMY :( who knows?
Today is April Fool's day as well and let me see what my tip goes this month
Regards


Shareholders Selling
Date Shareholder Previous (%) New (%) Shares Traded
20/11/2018 Resource Capital Fund VI LP 15.56 -- --
09/11/2018 Resource Capital Fund VI LP 17.10 15.56 7,806,412
Substantial Shareholder List at 15/10/2018
Shareholder Name Share Holding Shares Held (%)
https://www.afr.com/research-tools/VMY/shareholders
Resource Capital Fund VI L.P 67,476,612 16.19
Forrest Family Investments Pty Ltd 57,142,857 13.71
Acorn Capital Limited 35,941,085 8.63
Michael Edward Fewster 35,418,793 8.50 (https://relationshipscience.com/person/michael-edward-fewster-3936884 former executive director of VMY and still holding)
 

greggles

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VMY pushing through resistance at 7c today on good volume of around 2.3 million shares. Volume has been increasing each day for the last four days.

No news so far this month, but from the looks of the recent price action some may be coming soon.

big.chart-VMY.gif
 
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VMY pushing through resistance at 7c today on good volume of around 2.3 million shares. Volume has been increasing each day for the last four days.

No news so far this month, but from the looks of the recent price action some may be coming soon.

View attachment 93649
Great.
So you are making me winner for April tipping :).
Ha Ha
 

greggles

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Great.
So you are making me winner for April tipping :).
Ha Ha
Looks like it's going to be a tight race again this month.

You're currently in fifth spot with me, debtfree, Garpal Gumnut and noirua ahead of you. Will be interesting to see how it finished up with two thirds of the month yet to go. :xyxthumbs
 
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Looks like it's going to be a tight race again this month.

You're currently in fifth spot with me, debtfree, Garpal Gumnut and noirua ahead of you. Will be interesting to see how it finished up with two thirds of the month yet to go. :xyxthumbs
Yeah. I was kidding as I am so used to see myself bottom of the ladder and this time you and I got same gain 16 cents as on today and ironically our buy prices for two different scripts have been almost same . BTW did you see note from our guru Peter2 :) ? He is just waiting to make the leap frog jump with DSE on ANZAC day. LOL
 
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