OTCPK:VLTAF - Post by User
Post by
biglitboyon Mar 01, 2013 2:49pm
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Post# 21064045
location location location
location location location Well I'm in at .29. Most probably saw this but I thought I'd put it up.
Alka Singh on false risk perception in BF:
VTR "has been oversold mostly because it's in Burkina Faso. It's been bashed by the market."
Also, with respect to the project:
"The company initially planned to have a bigger plant and more production and then the market bashed it. In our view the project can be scaled back and can start as a smaller project and then scaled up. The capex would be in the $400 million ($400M) range for a smaller project in our view. Investors don't want to own a junior with a capex of $700M in this market. Volta will be looking at all options to finance the project and move it ahead. Currently the project is in the feasibility stage."
GLTA and God help the juniors!