Hi gotta,
I appears that there is more interest on the buy side than the sell side and the spread between them is getting wider. They are good signs ( just need the final catalyst to get the buyers to want to pay more) however, it is really on small volumes and that is frustrating.
What keeps me interested is:
1. High interest in EV’s which hopefully will flow through to VMT. (Macro)
2. The mining interest for the batteries required for EV’s. (Macro)
3. The various governments world wide making policy change in favour of EV’s. (Macro)
4. The existing car manufactures world wide making changes to their designs towards battery technology away from fuel consumption vehicles. (Macro) and (Micro)
5. VMT director buying, Charles buying, particularly over the last couple of months. (Micro)
6. Charles changing holdings from indirect to direct. (Micro) why? There’s gotta be a reason.
A lot of positives over the last 12 months.
The sad thing for me I am one of those buying high but then again I have been buying larger parcels so in effect helping to keep the SP up? Who really knows.
The one thing I do know is this, if the momentum continues to grow in the interest of EV’s sooner than later the insto’s will get on board so not to miss out...and so will everyone else. From here potential is huge. Patience and faith I have.
VMT Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
