RE: RE: vtr hanging in .. so far gold_diggers!: That is not really correct..... There's always reasons for what the market is doing.... panic selling, low grade deposits, manipulation, leaks about takeover in the works...... whatever, it's just not that obvious for ordinary retail investors.... or one just does not want to accept them...... until...... retail investors are the last to know.....
.Had I known about this "Kiaka in the desert, 1g/ton just does not cut it" thing, I would have got out over a buck and got back in the low $.50s.....
When I say there were no reasons. for the stock going from $2.60 down to 45 cents ... here is what I mean: during the time of the period of our descent in share price, (the decline commenced about January, 2011), two things happened: 1. VTR more than doubled the size of its resource at Kiaka; see news release June, 2011 https://www.voltaresources.com/s/NewsReleases.asp?ReportID=464737&_Type=News-Releases&_Title=Volta-More-Than-Doubles-The-Gold-Resource-At-Its-Kiaka-Gold-Project-In-Burk... and, 2. contrary to fears the POG did not decline significantly but continued to show strength at current levels, which are well beyond the $1,000 an ounce we were at when we commenced the Kiaka project.
Add to that all the drilling at Kiaka, which should have the effect of de-risking the project, the Kiaka south drilling, not to mention the Nassara high grade drilling, and I think it is fair to say was no legitimate "reason" for the decline in share price. The only "reason" of course was an overall general fear in the market, caused by happenings in Greece and Spain, which led fund managers to conclude that the market is a dangerous place, that people should fly to the safety of dividend stocks, and that companies like small West African stocks which required financing for its project were to be avoided in this type of market environment. It had nothing to do with the lower grades, which were known at the time we were at $2.60 per share, nor did it have to do with the capex outlined in the PFS (because the decline occurred well in advance of the PFS. The "reasons" were overall market conditions emanating from Greece and Spain, and the theories of fund managers and they should therefore flock to dividend funds. If you want to call that a reason, then fine. I am saying that fundamentals of the Kiaka project have improved not weakened since topping out at $2.60. That in fact is the definition of a bear market: declining share prices in the face of improving fundamentals. Remember that the entire sector was taken down. If you visit other bullboards you will see that every shareholder believes his or her particular share is the worst sufferer amongst all gold companies in the universe. The point is we should not look for improving fundamentals to improve our share price. We had improving fundamentals during our share price decline. We need the sector to become healthy again, and we will regain our health along with the others. If you are still reading, GLTA!