The International Speculator Int'l Speculator reckons Virginia too high to buy
Virginia Mines Inc (C:VGQ)
Shares Issued 31,884,740
Last Close 3/19/2012 $9.56
Wednesday March 21 2012 - In the News
The International Speculator in its March 5, 2012, issue, figures Virginia Mines Inc. is too high to buy at $9.61, but it is a "Buy under C$8.00." The newsletter said buy the Andre Gaumond play seven times between Feb. 1, 2007, and Nov. 3, 2011, at prices ranging from $3.89 to $8.94. Assuming an investment of $1,000 for each buy, the $7,000 investment is worth a handsome $11,878. The Speculator's writer goes over the press releases and declares, "Story unchanged," but he notes that Virginia's shares are up thanks to a financing done at a premium to market. Despite his much-repeated partiality to the stock and Mr. Gaumond, the writer continues to resist the temptation to buy above $8. He says that absent a new flagship gold project, he much prefers to find buying opportunities on non-company-related weakness. Virginia's projects include Lac Pau, the Poste Lemoyne extension, Anatacau-Wabamisk, Eleonore regional, Ashuanipi and Corvet Est projects, all in Quebec. Fellow newsletter writer Lawrence Roulston said buy four times between July, 2006, and September, 2008, at prices ranging from $3.95 to $7.10, in his Resource Opportunities newsletter.
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