Australian (ASX) Stock Market Forum

VYS - Vysarn Limited

So whose been following my posts ?

MHM just jumped to .027. Up 58% on the day. Buyers still chasing from below. Not huge volume but clearly a few people think there is something coming up. :):)
 
A break of 0.027 could move it up to 0.032, according to au stoxline. From the relationship between price and moving averages, short term looks good.
 
SP jumped to .040. Increase of 48% on day and 100% on last two days trading.

I reckon there is an imminent positive announcement. Wouldn't be surprised if it doesn't get a speeding ticket.:2twocents
 
Ok so it doesn't look very good on the MHM front. It appears the company is cleaning up and selling up and trying to pick up a few million bucks from the previous CEO for some pretty dodgy deals.

But there is something interesting happening. It seems that since Oct one person has been steadily accumulating over 6.5 million shares. I understand from another forum he is a friend of the current CEO Matthew Keen.

So maybe there is still some light in this very troubled company. Anyone know anything more ?

http://www.asx.com.au/asxpdf/20141203/pdf/42v7lpp3rd68jt.pdf
 
On December 11th, 2017, MHM Metals Limited (MHM) changed its name and ASX code to Vysarn Limited (VYS).
 
Chart wise, a break above 13 will have me interested and looking what this one is all about

yvs 10 Feb 21.jpg
 
Since the last post, VYS has lost value as price slowly fell to 0.071. Not nice for the holders.
However since then price has been sneaking higher and is now at 0.10.

VYS provides rigs for hydro-geological drilling and water pumping for BHP, FMG, and Roy Hill. Good clients to have but it's still a small company and a loss of any one of these clients would hurt.

Popped up in my spec scan on the weekend. The chart looks bullish but it's not for me.

VYS0801.PNG
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VYS provides rigs for hydro-geological drilling and water pumping for BHP, FMG, and Roy Hill. Good clients to have but it's still a small company and a loss of any one of these clients would hurt..
Still in dewatering, and diversifying to test pumping and aquifer recharge. As well, now has a JV for water storage.

The focus remains on WA.

Vysarn board and management continue to maintain that one of the largest and growing impediments to ongoing iron ore production is the removal and disposal of water. Based on this and the demand and outlook for the Company’s current suite of services, the opportunities that underpin Vysarn’s strategy of building a vertically integrated water services business have never been stronger within the Company’s short lifespan.
 
Have been looking at Vysarn for a while, finally took a position today. The debt stopped my previously, but its reduced and equity has increased so its now within my limits. A lot to like about the business that has been built very quickly over the last few years. No increase in share count, profitable, management and board with skin in the game. Could be on the cusp of a few years of strong growth the rewards of their vertical integration plays out. Not much downside and significant upside potential.
 
Another sensible bolt on acquisition on what seems favourable terms. They have a proven track record of making these work.


Screenshot 2024-08-30 at 9.17.10 am.png
 
...my obligatory 'I chose it for the monthly competition' post.

...realising midnight in Eastern Australia was coming up, and being on a date with my newish girlfriend, I just grabbed a moment before she browsed another clothing store for the third time, to switch on the phone and choose a random speccy. The date went extremely badly, likely won't see her again.

...probably the worst 'this is why I chose it' post in the history of the competition. Is there a wooden spoon award for that?
 
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