PINL:VLTAF - Post by User
Post by
ALLEN4on Apr 18, 2013 8:28am
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Post# 21278342
Others have fallen off a cliff in past
Others have fallen off a cliff in past few days. VTR having already been beaten to a pulp is not seeing the dramatic price declines that other companies are experiencing as a result in the drop in POG. This reminds me of the 2008 and 2009 days when companies I liked were going on sale for prices I never thought I would see. The difference then was that I had cash on hand to act, where as now I am mostly invested and need to ride it out. Some of the prices below are amazing to me.
Also check out the news on Essakane if you have not seen it. IMG continues on track with expansion at the mine. They are spending 300 million just to expand their already successful mine there. This thing just keeps growing and growing and there is every reason to believe that Kiaka will have a similar future.
YRI $11.40
OSK $3.49
BSX .74 cents
IMG $5.00