Accumulator Sum.. not with a bang but a whimper, not with a bang but a whimper "
Seeking to accumulate 1M shares VGM below $.06 level. Strong 'BUY'recommendation : speculative outperform etc.
Is it lost ? .. nup ..
VGM status update
* tightened down spending : tick (done)
* quanitifed asset value & identified potential project finance participants : tick (done)
* management has understood market conditions and made plans to manage business accordingly : tick (done)
* communicated project characteristics / economics to relevant parties : tick (done/ongoing)
* prepared for 5 months low overhead preparation / communication to bankers & pursuit of permitting (Los Verdes) : tick (done,done,done) / all relevant, time consuming progress pursuits.
* Insider Buying : tick
Mkt. Cap here = ($.04 X 84) = $3.2 M .. project NPV = $120M CAD ...
call this trading at 2.5% of project value.
OK / is the world equity game over ? .. are the markets cooked ?
.. has the ability to grow economies been compromised without recourse ? .. because of what ?
* Market capitulation indicators are calculating 1 in 20+ year market event - capitulation indicators bullish.
* Significant liquidity additions / and ongoing.
Make no mistake ... there is lots of money on sidelines $$$$ ... SW Funds / BoP surpluses held in treasury ....
Carpe Deum ... VGM below $.06 = good value (unsustainably low) .. proxy for extreme travails of junior sector ... 'invest' at these levels for Buffet type returns ... no tears !