CRI - Critica Limited

[stefan_invester]

so is there a real value for this one?
with the resource upgrade and all....

cause IMO i think it will consolidate for a while around these prices before going at it again....

 

[pixel]

so is there a real value for this one?
with the resource upgrade and all....

It's not so much the "real value" (as an aside: what is "real"?) but what the Market perceives as the price worth paying (or receiving) for the company. That's why I rather follow the direction in which the price is moving; as long as it goes down, people will sell regardless of the result of some value calculation. At the point where sellers refuse to move lower and buyers start accepting higher offers, I'll re-enter.

Yes, it seems the price will drift sideways for some time yet, still with a falling bias by the looks of it. As long as that continues, I'll try and find something better to grow my capital.

 

[cassawary2]

Today 16/12, VMS dipped to .37. I had 5500 with a sell trigger at .39. BUT has returned back to .49.
As a learner, was my stop set to close?
What would have caused such a blip?

 

[pixel]

Today 16/12, VMS dipped to .37. I had 5500 with a sell trigger at .39. BUT has returned back to .49.
As a learner, was my stop set to close?
What would have caused such a blip?

What happend: It's called a stop raid.
Some instos / brokers, who can see (or guess) where automatic stop orders are sitting, sell down to the first level, which then triggers an entire avalanche of selling. They sit at the bottom and buy everything back up.

As a retail tradeer, there is little we can do; I have given up years ago to place any automatic orders. All my stop triggers are "at Close", which means I activate them manually at my sole discretion whether there could be hanky-panky involved. But that means, I'm sitting and watching dozens of screens online all day.

 

[stefan_invester]

Hey
Does anyone know when VMS will begin production from any of its mines?
it would be greatly appreciated to know

cause with the information of VMS being the 2nd largest un developed tin company in the world, this one seems to be a long term hold IMO, and with tin prices at $30,000 and ounce..

 

[springhill]

Venture Upgrades DSO Resource Base and Delivers a 4mt Maiden Ore Reserve.

Venture Minerals announce 100% of the Company’s DSO resource base has now been upgraded from the inferred to indicated category.
Furthermore the Company has received a combined, independent maiden ore reserve of 4 million tonnes of Direct Shipping Ore (“DSO”) from the Riley and Livingstone hematite deposits.
The 4 million tonne maiden reserve represents a 90% conversion of resources to reserves.

Highlights:
 Resource upgrade at the Riley DSO Project represents a 100% conversion from inferred to indicated.
 Resource upgrade at the Livingstone DSO Project represents a 100% conversion from inferred to indicated.
 Total DSO resource base in the indicated category now exceeds 4.4mt @ 57% Fe

Having completed the reserve statement the Company will now look to finalise off-take and ore transport agreements, as well as advance all necessary development approvals. As previously stated the Company is in a unique position of being able to bring the DSO Projects into production with a minimal capital outlay of only $7 million (ASX: 19/04/12). This is a direct result of the excellent infrastructure surrounding the Riley and Livingstone Deposits, both of which are located within 2 kilometres of a sealed road that accesses existing rail and port facilities all of which have spare capacity.

Riley DSO Project
The Riley DSO Project is located 12km from the Mt Lindsay Project and occurs as a hematite rich pisolitic and cemented laterite. The deposit is all at surface, located less than two kilometres from a sealed road that accesses existing rail and port facilities.
Over the past few months Venture has completed infill pitting on the Riley Project which sees the deposit sampled to a density of 50m by 50m providing all the necessary data to complete a final resource upgrade. The new estimate has resulted in 100% of the inferred resource base being converted to the indicated category


Livingstone DSO Project
Livingstone is located 3.5km from the Mt Lindsay Tin/Tungsten Deposit and consists of an outcropping hematite cap overlaying a magnetite rich skarn. The hematite occurs from surface, is consistent in grade and located only 2km from a sealed road which accesses existing rail and port facilities.
Over the past few months Venture has been focussed on upgrading the resource base at Livingstone and converting the resources to reserves. The Company completed a final infill drill program in the second quarter which sees the deposit now drilled to an average density of 50m by 20m. The new drilling has provided all the necessary data for a final resource upgrade, which resulted in 100% of the inferred resources now converted to the indicated category.

 

[springhill]

Request for Trading Halt
VMS wishes to request an immediate trading halt of the Company’s securities pending the release of an announcement with regard to a material new discovery.
The Company is expecting to make an announcement no later than the commencement of trading on Friday, 3 August 2012.

 

[springhill]

VMS up 20%+ on this announcement.

Major New High Grade Tin Discovery
● Maiden drill hole BW001 intersects 17.4m @ 2% Tin including 4m @ 5.6% Tin
● This discovery hole is the first to target a 1,100m long soil anomaly recently defined by the Company
● Surface mapping has identified historic alluvial workings over the entire length of the new prospect, with Venture’s discovery hole believed to have intersected the primary source of the alluvial tin.
● BW001 intersected both high grade, skarn style mineralisation (+12% tin) as well as an additional (+30m) of greisen style tin mineralisation.
● Importantly, tin occurs as cassiterite, the preferred mineral for tin deposits as it is amenable to traditional processing and recovery techniques.
● Big Wilson could potentially be a landmark discovery, given the shortage of new tin projects around the world.

Tin Comparisons
1% Tin = 3.5g/t Gold
1% Tin = 2.4% Copper
1% Tin = 1.1% Nickel
1% Tin = 9.9% Zinc
1% Tin = 9.5% Lead
1% Tin = 1,700ppm U3O8

 

[pixel]

It may have taken a while - it usually does - but yesterday's announcement that a mining lease had been granted - http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01531105 - has pleased the Market.

View attachment 58552

Given time, this could even play out as a double bottom formation on a weekly scale:

View attachment 58553

I bought the initial break yesterday and doubled up this morning.

 

[greggles]

VMS on the move today. Up 48.72% to 5.8c.

This morning they announced the following:

Venture Minerals Limited (ASX code: VMS), is pleased to announce that the Company has secured additional exploration licenses around and along strike from Golden Mile’s (ASX code: G88) recent Quicksilver Nickel-Cobalt Discovery (as announced by Golden Mile Resources 10 November 2017).

Venture’s Pingaring project, has been quadrupled in size with applications now totalling in excess of 800km². The Pingaring project is only 4km along strike to the south-east of the Quicksilver Nickel-Cobalt Discovery and now contains 145 strike kilometres of ultramafic targets interpreted to be the same host unit that the Quicksilver Ni-Co deposit sits within (Refer Figure One).

Venture now has a dominant land position within an emerging new Nickel-Cobalt province in Western Australia and upon successful granting, the company will commence a detailed surface mapping and sampling program to define priority drill targets.

Considering the very prospective nature of these tenements (the G88 share price has gone up more than 400% recently after good drilling results), the quadrupling of the size of the project could mean a lot of good news regarding successful drilling, leading to further share price gains. This one could be shaping up to be a good bet. I think the downside is limited and the upside could be big.

 

[greggles]

Well, VMS went nowhere but down after my last post on 30 November last year. Between February and May this year it found support at 3c on five separate occasions before breaking down below it in June, after which 3c became resistance.

Today the company announced that it has intersected a 17m zone of disseminated, semi-massive and massive sulfides in the Company's maiden drill program at the Thor VMS (Volcanogenic Massive Sulfides) Prospect and the share price gapped up, opening at 2.9c and finishing the day at 3c, right at resistance.

I'm going to keep an eye on VMS to see if it can consolidate and stay above 3c.

 

[barney]

Another of todays Risers … Big jump on increased Volume.

 

[peter2]

No comments for two years. VMS is now +300% from the March20 lows.

VMS is another company with too many projects that it has difficulty progressing any. However it seems that they've finally got their iron ore project in Tasmania ready to go. This IO resource has DSO so can be shipped with little processing. They might be lucky to profit from the current high price of IO if they can ship it quickly. This revenue can then be used to develop some of they other projects.

I'm trading this to take advantage of an anticipated pop in price when they start shipping the IO.

 

[finicky]

 

[finicky]

VMS Quarterly period chart with a couple of capricious momentum indicators. Strikes me as a very strong chart. If it pulls back to 7c I'll be interested.

Quarterly

 

[greggles]

VMS Quarterly period chart with a couple of capricious momentum indicators. Strikes me as a very strong chart. If it pulls back to 7c I'll be interested.

VMS cracking on today. Up 20.59% to 10.25c. Can't see this back at 7c any time soon. Looks like there's not a lot of supply around and it isn't taking much to push the price up. Sell side looks very thin.

 

[finicky]

No looks like I missed it, got back to 7.3 I think. Been losing money accumulating Ecofibre (EOF) instead.

 

[over9k]

Another one that's had a wild run lately and on a nice pullback now:

Anyone else in?

 

[doogie_goes_off]

Another one that's had a wild run lately and on a nice pullback now:

View attachment 123866

Anyone else in?

Been in and out twice. Assume there will be step up once they announce first Iron production in Tas. Plenty of potential shock news if they jag something at Thor, Kulin or Nth Golden Grove

 

[doogie_goes_off]

And commissioning announcement may see some volume put through today.