PINL:VLTAF - Post by User
Comment by
VentureTrader1on Nov 08, 2012 2:16pm
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Post# 20577722
RE: Sale of ADM
RE: Sale of ADM I made pretty good money on ADM back in 2009, when it was between 1.50 and up to over 2.00. Sad to see this happen, but it's all over the place. TRR, XG, etc. taken out far below their previous highs, and at really low valuations. There is no guarantee for the juniors that they'll get fair value for their resources.
This is what I've been saying is the risk for VTR - the market sits on it's hands, they run out of money after the feasibility study, and then either have to do a horrendous dilutative financing, or get bought out for a fraction of what they should be worth. I sometimes wonder if the VTR mgmt team understands that, or if they're so caught up in the engineering and exploration side that they're under-rating this risk.