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BlackRock Virginia Municipal Bond Trust V.BHV


Primary Symbol: BHV

BlackRock Virginia Municipal Bond Trust (the Trust) is a closed-end management investment company. The Trust's investment objective is to provide current income exempt from regular United States federal income tax and Virginia personal income taxes. The Trust seeks to achieve its investment objectives by investing primarily in municipal bonds exempt from United States federal income taxes (except that the interest may be subject to the United States federal alternative minimum tax) and Virginia personal income taxes. The Trust invests, under normal market conditions, at least 80% of its managed assets in municipal bonds that are investment grade quality at the time of investment or, if unrated, determined to be of comparable quality at the time of investment by the Trust's investment adviser. The Trust may invest directly in such securities or synthetically through the use of derivatives. The Trust's investment adviser is BlackRock Advisors, LLC.


NYSE:BHV - Post by User

Comment by misnaon Jun 18, 2013 11:36am
165 Views
Post# 21537466

RE: Misna

RE: Misna

Hi Nito,

Good stuff!  I tend to stay conservative in expectations, but I agree if La Garrucha turns out to be what we think it is, the stock will soar.  We have a larger share base, but we also have 2.55M ounces in 43-101 which is certailny better than most, so we've got something to show.  The issue is Highsmith slowed the ship down because he had no plan and didn't know how to guide the market - thus the stock tanked (and a bad market didn't help, but it's not the only reason).  The way I see it now is Zweng is back as an advisor and from what I can tell he's very active and he's leading the exploration at Garrucha. That means that Julio is back trying to get Panama back on track - which is great for us.

La Mina, in my opinion, has 4-5M ounces conservatively and will be bought out by Anglo, IAG, or similar for something on the order of $200-250M.  That's my current guess.  I also think the share price triples this summer from here, for the record, on good results and movement in Panama.  I have been buying since Highsmith was fired, and now am locked and ready to see what comes next.  Heaven forbid the gold market actually help us out, but I'm not smart enough to know if that'll happen -- so may the drills guide us.

Good luck!

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