GREY:VAALF - Post by User
Comment by
B2moiston May 28, 2009 11:38am
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Post# 16023328
RE: Gold at Brauna
RE: Gold at BraunaI wont deny that at this point in time that it is a great deal. However, we saw how they overextended and overleveraged themselves in the past. As for the gold . . . sure its a nice by-product, but by no means will gold be the driving factor behind this stock (unless they strike a significant gold play, which they are not actively looking for.
I also understand that Brauna is only "ONE", but it is still one of the two significant projects that are proven to date.
I dont want to sound negative on VAA at all, just want to be cautiously optimistic.
Not having debt is a huge plus, but the recovery period (due to global recession, and some say possible depression) could last anywhere from 6 months more to 6 years. As far as risky stocks go, I think this is a pretty good one, but I sure wouldnt put all my eggs in it.