PINL:VLTAF - Post by User
Comment by
ALLEN4on Feb 28, 2013 2:01pm
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Post# 21056836
RE: RE: RE: RE: RE: RE: RE: NO LOVE FOR WEST AFRIC
RE: RE: RE: RE: RE: RE: RE: NO LOVE FOR WEST AFRIC I do not see that we are anywhere near losing everything. I think its foolish to constantly need "the market" to reassure you about your investment. We have 16 million in the bank, good assets, good management, and the respect of many analysts in the sector. And it is redemptions from retailers and also institutions who apparently did not realize it takes some time and costs money to build a mine. From $2.60 to today is not a few pennies obviously; I am talking about one day. And at this point, all you can do is take it one day at a time. It is unreasonable to have a regular meltdown on each occasion when someone sells the shares for two cents less than they were sold the previous day. It is happening because there is little interest in buying now. There is little interest in buying canoes right now as well, but summer will come and your canoe is worth something. An investment strategy based on following what the sheep are doing is not worth a whole lot IMHO.