Market's view on Vast Res
Published on April 2024
- Observations on the 6-month stock chart suggest a potential ‘cup and handle’ formation, indicating a possible increase in stock price, dependent on company progress and news updates.
- Criticisms about the management’s capability are countered by highlighting their extensive experience in the mining industry, including successfully running a mine and managing assets for other companies.
- Ex-shareholders, referred to as trolls, are accused of negatively influencing discussions due to past financial losses and allegedly lacking the knowledge they claim to possess.
- Positive sentiment in an alternative communication group (Telegram), where upbeat interactions are noted, contrasts with negative tones in other discussions.
- Concerns about the company’s financial health are expressed, referencing ongoing debt issues and the need for increased working capital, yet there is no immediate indication of further fundraising which could dilute current share values.
- A notable increase in copper prices is mentioned, which should theoretically benefit the company financially, although it hasn’t positively impacted the stock price as expected.