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Velox Energy Materials Inc V.VLX

Alternate Symbol(s):  CUIRF

Velox Energy Materials Inc. is a Canada-based energy materials company, which is engaged in developing and progressing high-value assets in resource and research- friendly jurisdictions. The Company is focused on energy materials solutions for the global transition to net zero. The Company is focused on the advanced North Queensland Vanadium (NQV) project in Queensland, Australia. Its NQV project covers 1,246 square kilometers (km2) in northwest Queensland, about 500 kilometers (km) southwest of Townsville. The NQV project is located in northwest Queensland, Australia, along the Flinders Highway between Julia Creek and Richmond. Its Kotai Hydrogen Project is focused on the commercialization of technology that can produce high-pressure hydrogen following transport as an inert powder. The Company’s Lake Pierre Project is located approximately 55 km east of the town of Havre St Pierre. The Company's subsidiaries include Currie Rose Vanadium Pty Ltd., and WA Hydrogen Pty Ltd.


TSXV:VLX - Post by User

Bullboard Posts
Post by trendisafriendon Jan 05, 2011 11:51pm
446 Views
Post# 17931200

I would expect most of the previous warrants

I would expect most of the previous warrantshave been exercised, as 4 million were done on or before Nov 30 2010 as per the sedar report on the financials, there are a few million left, but I would think that those have been taken care of as well, with the nearly million shares a day the stock has been doing over the past while.  So now we deal with the potential from the sweet pp from end of sept 2010, and true to form, I would be definitely betting news out early next week, just a hunch. Those in the pp are sitting very sweet for sure, and the strength this market has shown as of late gives me optimism for the longer term scenario here. However, we will have to see what the assays tell us and remember there is more drilling to be done, at least in my book, as work likely can go on through january at least. This 32 33 level is still a key technical point of support/resistance.  All the warrants being exercised likely means the company is in great shape to move forward with successive drill programs.
Bullboard Posts