PINL:VLTAF - Post by User
Comment by
ALLEN4on May 25, 2012 11:57am
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Post# 19946586
RE: RE: RE: good news got noticed yesterday
RE: RE: RE: good news got noticed yesterday You are dreaming.
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I disagree. These junior gold stocks are extremely volatile in case you have not noticed. The significant moves up and down are quite common place. Even with a much larger cap stock like Yamana, it came down from 17 dollars to about 3 or 4 during late 2008 and back up to where it is today. And with the smaller microcaps, which VTR is, the moves can be even more pronounced and significant. Go to your compound interest tables, check out what would happen with three or four days of 30 per cent moves, or six or seven days of 15 per cent moves, etc., We have been as high as $2.65, it doesn't mean we have to return, but it is not virgin territory, and when the news, micro and/or macro is better, we should exceed that high of $2.65. I agree that most of these target prices are bs but there are some analysts who studied the Volta properties in depth and spent a great deal of effort in developing reasonable valuations, and even before Kiaka south, many of these experienced analysts were suggesting values north of $3.00. So was the market right at $2.65 or was the market right at .45 cents? I say the market was wrong at both stops and it will ultimately get it right north of $5.00.