CRI - Critica Limited

[gamerice]

The market looks to have been consolidated around the 47 cent mark for the time being and already the second hole is being drilled looks like they are very keen to get this one going.

But we definitely need to wait for some analysis done on the 130m of mineralisation in the first hole to see what kind of quality we have. Judging by the enthusiasm on the second hole it seems likely to be some good results. We'll see how this one pans out.

The volume however is still very thin, seems like there is no interest in this project.

Hypnotic

indeed.
i am surprised at the lack of interest,
normally punters would all be jumping onboard by now.

 

[KIWIKARLOS]

Too many of them probably got burned buying at 60c :

 

[greggy]

Too many of them probably got burned buying at 60c :

Having been a keen follower of this stock for a while, I feel that this stock is overpriced at current levels and am waiting for a better re-entry point. This stock has several interestng projects that have already been well discussed, but for my liking everything comes down to price.
DYOR

 

[gamerice]

Having been a keen follower of this stock for a while, I feel that this stock is overpriced at current levels and am waiting for a better re-entry point. This stock has several interestng projects that have already been well discussed, but for my liking everything comes down to price.
DYOR

market cap is only 12 mil,
how is that over-priced?

since hole 2 drilling has already commenced,
price will only spike from here,
you are not going to get it any cheaper.

 

[hypnotic]

The buying depth looks like is building up, however still resistance around the 51 cent mark.

The stock is showing a bit of interest today but nothing compare to what was traded after the 130m of mineralisation was annouced.

Seems like there aren't many day traders looking over this one, the daily volum looks very low, but it has been on a steady uptrend since listing.

Greggy what do you value the share to be at this point of time?? Why do you think this is overpriced???

Love to hear you view on that. Looks like a bit of potential on this one especially basing it on "nearology" to Olympic Dam.

Thanks

Hypnotic

 

[gamerice]

The buying depth looks like is building up, however still resistance around the 51 cent mark.

The stock is showing a bit of interest today but nothing compare to what was traded after the 130m of mineralisation was annouced.

Seems like there aren't many day traders looking over this one, the daily volum looks very low, but it has been on a steady uptrend since listing.

Greggy what do you value the share to be at this point of time?? Why do you think this is overpriced???

Love to hear you view on that. Looks like a bit of potential on this one especially basing it on "nearology" to Olympic Dam.

Thanks

Hypnotic

Looks like we might even take out that cap @ 54c, with late afternoon auction.
Buyers are getting impatient and want to take a position before the drill announcement. Currently the drill depth is at 300-350m as I understand.

 

[greggy]

The buying depth looks like is building up, however still resistance around the 51 cent mark.

The stock is showing a bit of interest today but nothing compare to what was traded after the 130m of mineralisation was annouced.

Seems like there aren't many day traders looking over this one, the daily volum looks very low, but it has been on a steady uptrend since listing.

Greggy what do you value the share to be at this point of time?? Why do you think this is overpriced???

Love to hear you view on that. Looks like a bit of potential on this one especially basing it on "nearology" to Olympic Dam.

Thanks

Hypnotic

Hi Hynoptic and gamerice,

Don't get me wrong here. I basically like the stock, just have a look at my participation in this thread whilst it was quiet, but feel that at present levels that a lot of the good news thus far has been priced in. VMS has stated that they've found 130m of mineralisation, but as yet it hasn't been stated what they have found. I hope that you both become very rich, but I intend to take the risk of finding a cheaper entry point. I like to where possible buy stocks before they've run. My ave price in VMS was 24.5c.
All the best,

Greggy

 

[hypnotic]

Hi Hynoptic and gamerice,

Don't get me wrong here. I basically like the stock, just have a look at my participation in this thread whilst it was quiet, but feel that at present levels that a lot of the good news thus far has been priced in. VMS has stated that they've found 130m of mineralisation, but as yet it hasn't been stated what they have found. I hope that you both become very rich, but I intend to take the risk of finding a cheaper entry point. I like to where possible buy stocks before they've run. My ave price in VMS was 24.5c.
All the best,

Greggy

Hey Greggy,

Sorry Greggy if I seemed like I was intergating you. I must say thank you for finding this gem, i have been following this thread for a while and know you have contributed immensely to this one. Just want to know what you feel a reasonable price to this one is that's all, since you have looked up quite a bit about this one.

Wow that would be a very nice entry price at 24.5cent i only got at 30.5 cents.. but i am still holding as i missed the day when it went BANANAs to 60 cents.... and all the way back to 53 or something.

But with the second hole drilling i am hoping this will be a good one as they annouce the stuff they have found...

Hm... doubt i'll get really rich on this one, only got a small parcel. :

Cheers,

Hypnotic

 

[kevro]

This ones for any Geo minded people watching VMS at the moment. The following extract is from there announcement today.


Re-imaging and interpretation of the gravity and magnetic data suggests the presence of a “caldera”(large volcanic crater-style structure) within the Gawler Range Volcanics at Churchill Dam.
The centre of the caldera is estimated to be 10km across and 17 km long. This combined with the
brecciation and alteration style intersected in CHRCD001 is typical of a mineralised IOCGU system
within the Olympic Dam IOCGU province of South Australia (see attached map).

My question is are they able to tell this from 1 drillhole and just by on site testing as no assays are available?

 

[greggy]

Hey Greggy,

Sorry Greggy if I seemed like I was intergating you. I must say thank you for finding this gem, i have been following this thread for a while and know you have contributed immensely to this one. Just want to know what you feel a reasonable price to this one is that's all, since you have looked up quite a bit about this one.

Wow that would be a very nice entry price at 24.5cent i only got at 30.5 cents.. but i am still holding as i missed the day when it went BANANAs to 60 cents.... and all the way back to 53 or something.

But with the second hole drilling i am hoping this will be a good one as they annouce the stuff they have found...

Hm... doubt i'll get really rich on this one, only got a small parcel. :

Cheers,

Hypnotic

Hi Hypnotic,

I've followed this stock for a while and accumulated quite a few of them at an attractive price. When buying stocks early on in my trading career, I use to bid them up in order to gain entry, but I have since learned its best to buy them when things are quiet. I'm still trying to master the art of selling as I usually sell too early. I can't complain too much with this one. I sold the rest of my VMS so that I could get into NRU. As far as buying back into VMS, I will probably wait until it goes back into the 30c range. If it doesn't, there's plenty of other stocks to buy that have been overlooked. Everyone is carrying on about its Churchill Dam Prospect, but they shouldn't discount VMS's uranium interests in Maitland, WA. Good luck to both you and other VMS shareholders.
DYOR

 

[maverick11]

I too sold this one after buying at 23 and 26cps a few months ago. I have since transferred to ADI, but do not discount VMS at all. If I had an assload of cash I would buy more VMS for sure, but it's had such a big jump on 1 drill hole, so I'm on the sidelines atm

 

[greggy]

I too sold this one after buying at 23 and 26cps a few months ago. I have since transferred to ADI, but do not discount VMS at all. If I had an assload of cash I would buy more VMS for sure, but it's had such a big jump on 1 drill hole, so I'm on the sidelines atm

Hi Maverick11,

Glad to catch up with you. Its been a while. Thanks for alerting me to this stock. I'm too on the sidelines. For me it all comes down to price. Hence, the switch to NRU.
DYOR

 

[tomcat]

I too sold this one after buying at 23 and 26cps a few months ago. I have since transferred to ADI, but do not discount VMS at all. If I had an assload of cash I would buy more VMS for sure, but it's had such a big jump on 1 drill hole, so I'm on the sidelines atm

Hi Maverick,

I'm in ADI as well, but I couldn't resist jumping into this when I found out about it at 31c. I worked at Olympic Dam mine for a few years back in the mid ninety's and it was a massive mine back then...would love to see this one prove up to a mineable resource so I'm still holding for now with fingers crossed on the next hole and the assay's from the first

 

[tomcat]

Anyone heard any news on VMS...they are keeping things fairly quiet. They must be getting a ways down on the second hole.

 

[tomcat]

The start of the first hole VMS drilled was announced on the 30/01 and a trading halt occurred on the 12/02 - 13 days. I am assuming the second hole is of a similiar depth and they announced it starting on the 21/02 so today is the 10th day...they must be close to making an announcement about the second hole...perhaps Mon - Tues next week assuming they have not had any issues drilling??

 

[Speedbird675]

True .. but the global sell off being witnessed .. thanks to our oriental friends ... i think VMS might hold on to releasing an announcment until the market recovers

Comments welcome

 

[tomcat]

Back up 15% so far today...punters have come in fast over the last couple of hours. I doubt VMS will hold off on an anouncement if they have the information to hand...plus i would imagine the ASX would be keeping a close eye on them particularly if the SP continues to rise.

 

[KIWIKARLOS]

Yeah this is one of the gems in this so called crash. I picked up more at .41 no i'm laughin :

In saying that though i am down on one stock since the downturn but the other three are steady at what they were before this all happened.

 

[Sean K]

Someone might be able to enlighten me here a bit in regard to the Churchill Dam drilling and the first drill hole that intersected "130m of IOCGU style alteration." This 130m is described as "brecciated and hematite-altered Gawler Range Volcanics."

Does this actually mean that there is a defined discovery of Iron Ore, Copper, Gold, or Uranium? Or, mearly that the drill hole intecepted dirt which usually holds these minerals? I am thinking the later.

Does this mean that there might not actually be any IOCG, or U, there? Or, is it enough of a result to bank on a big resource find?

If it's the later, it looks pretty Dam good!

(not holding)

 

[KIWIKARLOS]

Apparently is a type of geophysical structure that is a good indicator or the presence of the process that creates these mineralisations.

.59 on close! If this baby hits anything resembling mineralisation were all going on holidays.