Voltalia Ord Shs VLTAF

RE: RE: RE: RE: RE: RE: When is it going to end?

[ALLEN4]

Wow, you have it all figured out with these various price points, when it reverses both up and down.  I wish I had those predictive powers.  The fact is that we can continue in a downtrend as long as the negative sentiment is greater than positive sentiment amongst investors.  There is no doubt a great deal of negative sentiment out there for:  the price of gold, the gold mining sector, mining companies in West Africa, and Volta in particular (if some of the posts on this board on representative.).   A lot of the negative sentiment is frankly based on a lot of nonsense from people who have simply decided to hate gold stocks and follow the crowd.   For many institutions and individuals Volta is just one card in a deck of cards and has no impact on their portfolio, good or bad.  So with a simple thought - Mali rebels - West Africa bad - sell miners in West Africa - the sell button on Volta goes into play.  And this kind of simplistic thinking can come from a manager holding millions of shares in Volta believe it or not.  ( Fund managers are telling IMG shareholders to take their money and run based on Mali rebels).  These are not manipulators; these are people making a legitimate decision to sell, albeit based on very narrow issues without a historical context and any real understanding of the company.  But they are free to do that in a free market, and people are free to sign up with those guys in a free market.  When someone makes a decision to get out of West Africa or whatever, and where the percentage ownership is relatively minor, they do not go into any thoughful analysis of what the company is worth.  They have made the decision to get out and they get out taking whatever the market will give them.  That's why the share can be pummeled to ridiculously low prices, and we saw this in 2008-2009; regardless of the quality of the company the herd decided they needed out and people sold literally at any price.  And the buyers were not there to prop up the shares because the same sentiment prompting the selling deterred the buyers.  So you may be absolutely right that our shares may be pummeled even further, because this is not being based on any rational analysis of value.  Where I disagree with you is your strategy in response.   I do not think anyone can predict when or where the bottom is, certainly not with the precision of a 7 cent call.   You should not need the market to reinforce your belief in the value of the company.  If the shares really took off and went from 100 to 200 to 300 dollars, would you not jump off somewhere along the way?  Or would you continue to ride it up believing that because the "market" is telling you that the shares are worth 300 dollars that this must be so?