CRI - Critica Limited
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Ken said:
A-Cap Resources is an interesting situation with their African projects. I notice it climbed into the 90s yesterday, but I don't have any. It seems that stocks with an African uranium connection or even a uranium connection internationally are running hot at present. $10 is a very bullish call, but my view is good luck to A-Cap Resources shareholders. I was unable to get on the ACB train.
Getting back to VMS, in an anouncement to the ASX dated 27 Sep 06 concerning the Maitland Channel Project, VMS also stated "..Venture Minerals is working towards further strengthening its portfolio of Uranium assets both within Australia and internationally". Should VMS be able to find a uranium project of substance internationally, it may well be very positive for the share price.
As always, do your own research before buying/selling.
Hi Kevro,kevro said:
I'm still waiting for the drilling date for the Churchill Dam Project in SA. Meanwhile, the Paulsens South Project is looking very interesting indeed. I hope you had the chance to have a look at the map showing Strike Resources (SRK) nearby. From my reading of it, VMS is yet take rock chip samples on the VMS ground closest to SRK. They only took samples of the Highway Fault Zone. I also notice that JAK went up 3c on Friday. Their land is only about 35kms away.
As always, do your own research before buy/selling.
Below is a copy of a post from HC and provides the details of a phone call with the MD. Talks about a possible JV and the arrival of the drill rig in Melb.
On the day Credit Suisse announced they had become a substantial holder in VMS (November 9), I spoke with Andrew Rodonjic (MD of VMS) and this is the brief I sent to colleagues straight after - it might be of use here:
http://www.ventureminerals.com.au/
- Spoke to the MD just now.
- 4 main projects - see website. The main focus at the moment is the Churchill Dam project.
In saying that the Paulsens South project is also looking good - a big gold find recently on a lease right next door - rock chip samples due out in an announcement any day now.
Anyway - focusing on Churchill Dam. They have a massive gravity anomaly in some likely territory and they are going to drill within the next few months. Government permits have all been granted and they are hoping to have Aboriginal / Heritage permits granted in a week or so - looking good apparently.
They don't know how deep their target is as like MOX, it is a bit of a guessing game until you drill... but given the area, we might expect them to hit something (if they do) at perhaps 400 - 600m? Shallower the better of course. The first program will only be a few pilot diamond drill holes and then re-assess. They are organising a diamond drill rig and will probably double book another one just to make sure they get one asap. One in from NZ and sitting in Melbourne at the moment. Drilling is probably going to be in December.
They have already spoken to Teck Cominco and Oxiana, who have both expressed interest in the project. Along the lines of... do your first few drill holes and if you find good stuff straight up... obviously VMS will retain 100% of it... but as a back up... as the anomaly is so big (about 48 sq km), they may not hit paydirt straight away... but if they get some results which are atleast encouraging, the big boys will step in to share the cost of more widespread drilling.
4 milligals magnitude gravity at this deposit... 5 milligals at Olympic Dam.
Railway and Stuart Hwy run across the target - huge bonus in his eyes ... if they go mining and need to get infrastructure there for the plant.
26 million shares free float. We know after today the Credit Suisse have just bought 2.3 million of these over the past month - great sign. Nothing stopping them from buying more if they want to.
Obviously it is highly speculative buy, but one with little downside potential and much upside.
As an aside, he spoke about the Monax visual samples and he was pretty excited
On the day Credit Suisse announced they had become a substantial holder in VMS (November 9), I spoke with Andrew Rodonjic (MD of VMS) and this is the brief I sent to colleagues straight after - it might be of use here:
http://www.ventureminerals.com.au/
- Spoke to the MD just now.
- 4 main projects - see website. The main focus at the moment is the Churchill Dam project.
In saying that the Paulsens South project is also looking good - a big gold find recently on a lease right next door - rock chip samples due out in an announcement any day now.
Anyway - focusing on Churchill Dam. They have a massive gravity anomaly in some likely territory and they are going to drill within the next few months. Government permits have all been granted and they are hoping to have Aboriginal / Heritage permits granted in a week or so - looking good apparently.
They don't know how deep their target is as like MOX, it is a bit of a guessing game until you drill... but given the area, we might expect them to hit something (if they do) at perhaps 400 - 600m? Shallower the better of course. The first program will only be a few pilot diamond drill holes and then re-assess. They are organising a diamond drill rig and will probably double book another one just to make sure they get one asap. One in from NZ and sitting in Melbourne at the moment. Drilling is probably going to be in December.
They have already spoken to Teck Cominco and Oxiana, who have both expressed interest in the project. Along the lines of... do your first few drill holes and if you find good stuff straight up... obviously VMS will retain 100% of it... but as a back up... as the anomaly is so big (about 48 sq km), they may not hit paydirt straight away... but if they get some results which are atleast encouraging, the big boys will step in to share the cost of more widespread drilling.
4 milligals magnitude gravity at this deposit... 5 milligals at Olympic Dam.
Railway and Stuart Hwy run across the target - huge bonus in his eyes ... if they go mining and need to get infrastructure there for the plant.
26 million shares free float. We know after today the Credit Suisse have just bought 2.3 million of these over the past month - great sign. Nothing stopping them from buying more if they want to.
Obviously it is highly speculative buy, but one with little downside potential and much upside.
As an aside, he spoke about the Monax visual samples and he was pretty excited
kevro said:
Kevro,
Thanks for the great info.
The Churchill Dam Project looks very interesting indeed. The size of the main target is quite amazing. The survey, completed by Haines Surveys Pty Ltd, covered approximately 65 square kilometres and defined a gravity anomaly approximately 4 milligals in magnitude. The anomaly is up to 4km wide and extends over a strike of of 12km.
As always, do your own research before buy/selling.
kevro said:
The Churchill Dam Project is certainly huge and a potential company maker. I've looked at many other companies before deciding on VMS. It has a low market cap, plenty of cash and four very interesing projects, my favourites still being the Churchill Dam Project in SA and the Maitland Channel Project in WA. There is also the likelihood of further uranium projects being added to the prtfolio.
As always, do your own research before buy/selling.
Porper
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greggy said:
Thursdays volume was higher but price action was not positive (see chart).
Fridays price action was almost as bad. If 0.265 holds and we have a reversal from here with good volume, maybe a reasonably low risk trade ( although a highly speculative stock like this can never really be called be low risk).
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There's no doubting that VMS is a speculative stock. However, it has four projects in good locations, good management and plenty of cash. The cmopany is also on the look out for further uranium assets both here and overseas. Credit Suisse has also recently bought over 5% of the company's shares. The share has had a good run up to a high of 34.5c and will in time hopefully rise to much higher levels. I'm holding on and will buy more on any further weakness.Porper said:
As always, do your own research before buying/selling.
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Yeah i'm not too concerned with this one. To me it seems the upside far outweighs the potential risk. I'm going to make a bullish call on this one and personally consider it low risk - mainly because they have awesome diversity. Not all their eggs are riding on the one lease, and the fundamentals are there for them to really do well. Fridays drop in price on low volume would be profit takers. I am sometimes tempted to sell then buy back in on a low, but will hold until they hopefully take off. I bought in a couple months ago in the low 20's. Wish I had cash to buy more, but will top up in the near future.
Knobby22
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I'm puting it on my watchlist.
It is one of these stocks that you have to have the cash free for the minute it takes off.
Thanks for the informative thread.
It is one of these stocks that you have to have the cash free for the minute it takes off.
Thanks for the informative thread.
Sean K
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LOL. 'Low risk', they haven't even dug a hole in the ground yet. 'Awesome diversity', he he, they have 6 prospects in three areas. Highly prospective, but come on.maverick11 said:
Hopefully they pull one out of the hat and Lake Maitland has a few mill lbs U3O8 in it. Or there's IOCGU at Churchill Dam.
Looks like you might be able to pick some up between $0.22 and $0.25 IMO.
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I work directly in the industry so know it well and it is therefore my personal opinion which I still stand by. Like i said, to me it seems the upside far outweighs the potential risk and that is my personal opinion.
Highly prospective, yes. But when the music stops I don't want to be one without a chair. Uranium, tin, tungsten, gold, nickel, silver & base metals across their four projects. Chart indicates support in that range but i doubt it will get as low as 22cps. Drilling starts soon, all the best
Highly prospective, yes. But when the music stops I don't want to be one without a chair. Uranium, tin, tungsten, gold, nickel, silver & base metals across their four projects. Chart indicates support in that range but i doubt it will get as low as 22cps. Drilling starts soon, all the best
Sean K
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No worries Mav, just seems like a big call. I hope it come through for you. Being in the industry I suppose you are at an advantage, and know a good thing when you see it. I've got it on the watch list and will wait for some more news or indications from the price action. Cheers.maverick11 said:
Maverick11,maverick11 said:
The knockers come out whenever there's a bad day on the market. VMS was only down 1c today with the market down 88 odd points. Maybe the knockers are trying to force the sp down. Why would Credit Suisse buy over 5% of the company's shares?? Obviously, they see the potential in the company's four projects and feel that it is worth buying even though it is still a speculative stock. I'm holding on and using this opportunity to buy some more.
As always, do your own research before buy/selling.
greggy said:
Nope straight back down again went as low as 26.5 today. I dont think theres going to be much of a boom until we start to see some results from mining. I agree wholeheartedly the potential on this one is massive however until the results back that up its all based on potential.
