CRI - Critica Limited

[greggy]

Morning Greggy,
I am fairly new to the share game. Correct me therefore if I am wrong. With the 1c options issue based on a 1 for 3 ratio, are we likely to have a large jump in volume and SP leading up to the cut off date followed by a sell down after this date?

As expected, VMS has fallen after the ex- extitlement date for the option issue.
Lucky I sold half. VMS is now at 32.5 cents (last sale yesterday). Still waiting for more news on the SA drilling. One would feel that they perhaps should come with an update on the SA drilling program. It was supposed to start Oct/Nov 06 , but am still waiting. I have also mentioned that, in my case, the MD of VMS doesn't like returning calls. This is an image problem that VMS will have to look at. Good prospects and still holding. Hopefully, the wait won't be much longer.
DYOR

 

[stiger]

As expected, VMS has fallen after the ex- extitlement date for the option issue.
Lucky I sold half. VMS is now at 32.5 cents (last sale yesterday). Still waiting for more news on the SA drilling. One would feel that they perhaps should come with an update on the SA drilling program. It was supposed to start Oct/Nov 06 , but am still waiting. I have also mentioned that, in my case, the MD of VMS doesn't like returning calls. This is an image problem that VMS will have to look at. Good prospects and still holding. Hopefully, the wait won't be much longer.
DYOR

I feel vms will rocket soon 1-3mnths but not just yet imho .cheers

 

[greggy]

I feel vms will rocket soon 1-3mnths but not just yet imho .cheers

Its form of late has been reasonable, up to 40 cents. Can't wait for the drilling program to commence. A VMS update is required, but I must say that the option issue was very generous to shareholders. If VMS had better PR its share price would be higher. By the way,I hope Kevro is enjoying his holiday. I too will be going away for a wee bit in the next day or so.
DYOR

 

[maverick11]

greggy, you are also forgetting (150 millions shares was it?) will have a big dilution effect to the share price. Imo this is just a lucrative form of fundraising

 

[greggy]

greggy, you are also forgetting (150 millions shares was it?) will have a big dilution effect to the share price. Imo this is just a lucrative form of fundraising

Hi Maverick 11,
What 150 million shares. As a result of the option issue, there will be an extra 15 million shares on issue. No great drama.
The announcement of this issue helped the share price go up to 40 cents. This presented me with the chance to sell half at a good profit.
DYOR

 

[maverick11]

Sorry mate, 15m i meant. A lot of extra shares either way. Hopefully it won't affect the share price too much, but it did close at 31c yesterday. Longer term i still have high expectations for VMS I think any real action is a while away yet though

 

[greggy]

Sorry mate, 15m i meant. A lot of extra shares either way. Hopefully it won't affect the share price too much, but it did close at 31c yesterday. Longer term i still have high expectations for VMS I think any real action is a while away yet though

No problems Maverick11. Besides you gave me this initial tip. I tried to repay you with HCY when it was 1.6 cents when then went up as high as 2.4 cents in a matter of weeks. Keep an eye on MZM.
I don't think a 15 million option issue is a worry. Most of them won't be converted until mid 08.
DYOR

 

[maverick11]

cheers....if only i had more money! I'm all tied up at the moment with a big hand in ADI. I have also heard good things about MZM. Lets hope we get rich

 

[greggy]

cheers....if only i had more money! I'm all tied up at the moment with a big hand in ADI. I have also heard good things about MZM. Lets hope we get rich

Hi Maverick11,
Please take a good look at the MZM thread. With Terry Grammer on board in particular, there is a lot of potential. I've also contacted their management and they are more helpful than VMS to me. I'm trying to find overlooked shares with good prospects. With so many recent listings, I reckon some have been overlooked.
P.S. I still like ADI.
DYOR

 

[greggy]

VMS has been overlooked for its uranium potential. It has uranium interests in WA near where Redport, Nova and BHP are. Its shares price is up 2.5 cents today to 33.5c.
As always, do your own research before buy/selling.

 

[greggy]

Nice rise of 4.5 cents today to 34.5 cents. Still no news of any SA drilling taking place. Maybe people are purchasing this stock for its prospective Uranium ground in WA.
DYOR

 

[HRL]

Finally... drilling starts at the Churchill Dam. Sp has been holding nicely around 28-30c for a while now so looks to have good support on low volume (compared with Nov/Dec last year).

Three more holes planned depending on the outcome of the first. Drilling to 1100m. Anyone know how long it will take approx?

 

[speves]

I agree, this stock is well supported at around 30c and has really only one way to go from from here. The results of the first hole will be eagerly anticipated. There has been little information released from VMS since they identified the results of the gravity survey back in Oct and so has largely been ignored by the market.

It's only a hunch, but I suspect we may see some upwards movement on this SP in the next few weeks.......

 

[saltyjones]

speves.....i agree with you. sp has had a little gain since the drill bit hit the dirt. and the options have gained their own momentum too. early days & i also suspect more upward movement closer to results being posted.

 

[tomcat]

Hi Guys,

Anyone know how long it will take to drill this first hole and get results back?

 

[HRL]

Hi Guys,

Anyone know how long it will take to drill this first hole and get results back?

Dunno TC but the drill they are using only goes to 1100m so maybe a week or so then testing after that. I'm guessing the end of Feb? VMS haven't been very forthcoming with details of the drilling plan (depth, testing, expected timing etc.). Will try emailing them for some sneaky info. Perhaps we should get a couple of shovels and leg it over there to give the boys a hand. Surely speed things up.

 

[thefisherman]

heard on the grape vine an announcment on tuesday, dont know what though. source wouldnt tell me..........

 

[Joe Blow]

heard on the grape vine an announcment on tuesday, dont know what though. source wouldnt tell me..........

thefisherman, please refrain from posting rumours or implying that you have access to some kind of inside information. I don't think it's appropriate on a public forum. Lets stick to publically available information only in future please.

Thanks!

 

[thefisherman]

just saying what my broker told me.......is that ok.....

 

[Joe Blow]

just saying what my broker told me.......is that ok.....

Only if you're prepared to name your broker. As you can imagine its easy enough for anyone to assign any kind of rumour to an 'anonymous' broker. I don't like anonymous sources and the can of worms that gets opened when people start quoting them.

I would much prefer that people be upfront with their sources of information on a public forum such as ASF.