RE: THE HARDER THE FALL, THE GREATER THE BOUNCE Not always true, but I believe the thought will apply at least in the case of Volta. I think the entire sector is about ready to turn around one should not quibble about two or three cents here or there; Here is a link to an article from Clive Maund published today. I like it because about a week or two ago he published an extremely bearish article on the POG and gold stocks. Its as good an analysis as I have read anywhere, recognizing that, as someone on the board pointed out - think it was you Banx, that you can find someone to say just about anything about the sector and POG these days. Maund is worth reading because he has followed the sector for years, does not have an agenda, is prepared to go bearish on the sector and POG when he sees that as prudent.
Volta has fallen about as hard as any gold stock I have seen. This is not surprising. It has always had a high beta, and the charts of the leveraged ETF NUGT are almost identical to VTRs. I do believe that it has been the fear of a significant downturn in POG that has hurt us so badly. All will agree that our little company is very highly leveraged to the price of gold. So when the sentiment is that the POG is headed down we get smacked really bad; but when things start to turn, as I believe they are going to, we are going to fly upward quickly. There are other gold miners out there I would like to own. BSX for instance. Its at about $1.10 and will probably double in short order and be bought out by the fall. However, you can now buy Volta for 30 cents. A double from here is 60 cents. A lot easier to achieve in my view than a double from today's prices for BSX. And in terms of company specific news, the stock is priced on the assumption that Kiaka is a no go and has no value. Any news suggesting that this project might actually go ahead, and the market is going to have some catching up to do. So as Maund says, when the POG and the sector (and in our case Volta) our priced for maximum pessimism, this is precisely when we should be buying. Here is the link.
https://news.goldseek.com/CliveMaund/1361714043.php
https://news.goldseek.com/CliveMaund/1361714043.php