Voltalia Ord Shs VLTAF

RE: RE: Bought more

[ALLEN4]

Maybe, bought something for the summer instead.  Gotta enjoy life along the way too.  Just because I am a lawyer doesn't mean I am made of money, lol.  

I think things are going to turn soon though.  Lots of insider buying across the sector, signs of capitulation last week, many companies including VTR selling for liquidation prices even though the businesses are sound.  It has been the mutual funds which deflated our share price, on relatively low volume - compared to the volume that took us to $2.60 - and the mutual funds were led by redemptions, and those redemptions were led by bad press on the sins of Kinross and Barrick empire building, which tarred all gold companies with the same brush;  illogical as that may seem, I believe that is what happened.  I think we are going to be led out of this mess by two things:  1.  a resurgence in the price of gold;  2.  real demand from the real players this time - intermediate and senior gold companies needing more supply, rather than the idiotic mutual funds/retailers who no nothing about Volta as a business.   When you read about some of these fund managers who rushed into gold stock investments in 2010 and 2011 its amazing to learn that many of them expected mines to be built overnight and had no concept of the challenges, time and money involved in building a mine.    The "market" has danced around with the Volta share price for a long time with absolutely no consistency.  Eventually it will settle at something close to fair value.   That will only happen when the extremely negative sentiment for the sector lets up, and when there is some certainty surrounding the viability of Kiaka as a mine - which will require BFS and financing.  Then we will soar far beyond existing share price targets.   And at that time I may look back and wish that I bought more VTR shares at 29 cents; but on the other hand, I might get hit by a bus before the BFS, so je ne regret rien.  Reminds me, I should revise my will to make sure my estate trustee does not sell any VTR shares for less than $3.00.