Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
An update from VDM Group Limited ( (AU:VMG) ) is now available.
VDM Group Limited faced significant challenges during the last quarter of 2024, primarily related to its Angolan projects. A dispute with its joint venture partner, Pebric Mining and Consulting LDA, led to a halt in activities and uncertainties regarding project ownership and mining license tenure. This situation has compelled VDM to seek legal counsel in Angola to protect its interests. Concurrently, VDM’s securities remain suspended from trading on the ASX due to inadequate operations, with the company actively exploring business opportunities in critical minerals to meet ASX requirements. Despite these obstacles, VDM is investigating new projects in Australia, focusing on uranium, copper, lithium, and other critical minerals to enhance its portfolio and potentially resume trading.
More about VDM Group Limited
Current Market Cap: A$6.93M
For a thorough assessment of VMG stock, go to TipRanks’ Stock Analysis page.
