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VMC, VENUS METALS CORPORATION LIMITED
mullokintyre
post Posted: Sep 11 2020, 09:50 AM
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In Reply To: triage's post @ Sep 1 2020, 10:26 PM

Your hopes may be realised triage.
Some good gold drilling results from tenements near penyy west.
Expect a bit of a boost to VMC today.
It needs it, low volume, lack of interest in recent times.
Mick



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triage
post Posted: Sep 1 2020, 10:26 PM
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In Reply To: mullokintyre's post @ Sep 1 2020, 09:57 AM

Mick, the jury is still out on Venus but I remain hopeful. They've only got a 30% piece of the Grace prospect but it could be 30% of something quite significant (and yeah, today's results were quite positive). What would really make the company, I still think, is if they got some high grade hits in any of the tenements that they hold 50% of. It's been quite a while for me to hit a home run with an out and out speckie so even though Venus is not quite that I would gladly take it if it started multiplying.



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"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog
 
mullokintyre
post Posted: Sep 1 2020, 09:57 AM
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VMC's 30% joint Venture with ROX has seen some pretty good drill results.
Expect there to be a leg up today.
Thanks for this one Triage.
Mick



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sent from my Olivetti Typewriter.
 
lugaville
post Posted: Oct 12 2019, 01:44 PM
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In Reply To: blacksheep's post @ Oct 10 2019, 07:49 PM

I think you will find (if you do the research and ASIC searches) that VMC have a long association with the owners of Penny West,far longer than the principals of SPX.In fact it is public knowledge that VMC have been active in the Youanmi region for many years.If you do the homework you will find a connection between the owners of Penny West and the owners of the Youanmi Gold Mine which VMC had an option for purchase agreement in place since May 28th 2018. I think the owners of both were probably the same people but holding each project in different entities.
The timing of VMC's announcement last week is also obviously not a coincidence.The deal for SPX to acquire Penny West was made on October 16th 2018 and the bulk of the shares paid to the vendor in the deal are held in escrow until October 16th 2019 .....next Wednesday.You can bet those shares are now frozen by a caveat preventing their sale or or other disposal. The pressure now will be on SPX,the vendor will be screaming saying "Where's my shares?!" The value of those escrowed shares on Thursday last was $15m.I would suggest that at the very least SPX will need to come up with about $20M in "go away money" to appease VMC in the best case scenario for SPX.

 
blacksheep
post Posted: Oct 10 2019, 07:49 PM
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In Reply To: blacksheep's post @ Aug 12 2019, 03:31 PM

Venus Commences Proceedings in the Supreme Court of
Western Australia against Spectrum Metals Limited


QUOTE
Venus Metals Corporation Limited (ASX:VMC) (Venus Metals or Company) advises that it has
today commenced proceedings in the Supreme Court of Western Australia against Spectrum
Metals Limited (Spectrum), DJ Carmichael Pty Limited (DJ Carmichael), Mr Paul Adams and
Mr Davide Bosio, as well as Spectrum’s wholly owned subsidiary Zebra Minerals Pty Ltd (Zebra
Minerals), in relation to Zebra Minerals’ acquisition of the Penny West Gold Project (Penny
West).

The Company alleges breaches of fiduciary duty, breaches of confidence and misuse of
information that Venus Metals provided to Mr Bosio and Mr Adams of DJ Carmichael in July
and August 2018. The information provided to Mr Bosio and Mr Adams included information
about Penny West and the Company’s proposed acquisition of Penny West. The Company
provided the information to Mr Bosio in his capacity as a director of DJ Carmichael and to Mr
Adams in his capacity as “Technical Adviser” to DJ Carmichael. Venus Metals and
DJ Carmichael signed a Confidentiality Deed. At that time, both Mr Bosio and Mr Adams were
also directors of Spectrum. Spectrum, including Mr Adams, then undertook negotiations to
acquire Penny West and Spectrum announced that it had entered in to an agreement to
acquire Penny West in October 2018.

The Company claims a constructive trust over Penny West, such that Penny West is held for
the benefit of Venus Metals and its shareholders, alternatively that the other parties account
to Venus Metals for the benefits they have obtained and damages. It is not possible at this
time to quantify the level of damages that might be recovered; damages awards can be
impacted by many factors.


Naturally...

Spectrum Metals denies claims made by Venus Metals
Corporation Limited and will vigorously defend proceedings

QUOTE
This morning Venus Metals Corporation Limited (VMC) announced that it had commenced
proceedings in the Supreme Court of Western Australia against Spectrum Metals Limited (SPX),
SPX’s wholly owned subsidiary Zebra Minerals Pty Ltd (Zebra), DJ Carmichael Pty Ltd, Mr Paul
Adams, and Mr Davide Bosio, with respect to Zebra’s asset, being mining tenements at Penny
West (Penny West). SPX was immediately placed into a trading hold upon receiving notice of the
announcement.

SPX has not been served with any proceedings.

Based on the content of VMC’s announcement, SPX considers that the allegations made are
without merit and intends to vigorously defend the proceedings. SPX will seek to expedite the
hearing of the proceedings. SPX is also considering any counterclaim it may have against VMC
including in relation to the circumstances in which the proceedings have been commenced.
SPX will continue its exploration program in relation to Penny West.




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 12 2019, 03:31 PM
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In Reply To: nipper's post @ Oct 12 2017, 01:06 PM

Seems VMC is targeting bonanza grade gold, according to recent PR's,at their recently acquired tenements

AC DRILLING COMMENCED NORTH OF PENNY WEST GOLD MINE - YOUANMI GOLD PROJECT
QUOTE
Venus Metals Corporation Limited (“Venus” or the “Company”) in conjunction with its Joint
Venture partner Rox Resources Limited (ASX: RXL), is pleased to announce the commencement
of a 5,000m aircore drilling program at its Youanmi Gold Project (Figure 1) and a short distance
north of the historical Penny West gold mine (Figure 1), the historical Magenta and Columbia
gold prospects, and the recent Penny North gold discovery (see ASX release by SPX from 5
March 2019).


Both companies SP have shot up recently - VMC currently 26c.. VMC's jv partner RXL also up - see graphs below. All 3 are getting lots of pumping by DT's, so take care

VMC has scored Christopher Wallin as a substantial holder - he's of QCoal fame - became a billionaire in 2011 then after coal price collapse nudged just under the billionaire status
#41 Chris Wallin
2019 AUSTRALIA'S 50 RICHEST NET WORTH - $910M

QUOTE
PRIVATE PLACEMENT APPLICATION FORM RECEIVED TO RAISE A$1,200,000
Venus Metals Corporation (Company) (ASX: VMC) is pleased to advise it has received an
application from Mr Christopher Wallin for a private placement of 6,000,000 new ordinary fully
paid shares at A$0.20 per share to raise A$1,200,000 (Placement

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

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nipper
post Posted: Oct 12 2017, 01:06 PM
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Up 36% ... identified giant pegmatite at Poona East project in WA



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omegaoil
post Posted: Aug 15 2014, 12:35 PM
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Certainly looks like this one has broken out.
upside targets could be quite high imo smile.gif





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ShareScene.com
post Posted: Jul 2 2010, 12:08 PM
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Renamed by request:

FROM:
VENUS RESOURCES LIMITED (VNS)

TO:
VENUS METALS CORPORATION LIMITED (VMC)

Thankyou
Sharescene.com

 
tony73
post Posted: Jan 27 2010, 10:21 AM
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In Reply To: mme's post @ Jan 25 2010, 09:24 AM

And came screaming back down very quickly!

Tread very carefully here people devilsmiley.gif

 
 


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