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2.08%

11.8¢ vimy resources limited

I agree VMY has been a dog for retail. This is a very long haul...

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nsw004

2,125 Posts.

212

09/10/18

16:08

Post #: 36054243
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Originally posted by Anton Chigurh ↑

There's two broker research notes out on VMY, with lofty sp targets, way above the current. And yet apparently not worth purchasing on market? The answer is that if you're a Cannacord or PSL, you fill your boots via the next CR and extract your pound of flesh from the corporate fees and discount to vwap and maybe get a few other goodies.

Contrast this with say BMN, who actually rallied into their CR and then crossed out their RCF overhang to Tribeca et.al. Or BOE, who raised at 4c from memory and then managed to get the likes of Paradice onboard at 7c.

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I agree VMY has been a dog for retail. This is a very long haul for us as we know there is good value in this co in a Uranium bull market. Def will require a hold over next 2/3 years IMO.

VMY Price at posting: 8.9¢ Sentiment: Hold Disclosure: Held
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Add VMY (ASX) to my watchlist