PINL:VLTAF - Post by User
Post by
ALLEN4on Jul 12, 2013 8:54am
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Post# 21603710
Is this Good news or Bad news?
Is this Good news or Bad news?I think its good in the sense that it is very honest and detailed indication of how they intend to deal with the current market conditions which have been terrible for some time. Its good to know that their line in the sand for full development of the project is $1350.00 gold. I can live with that and my sense from recent POG activity is that we will be above that line in the sand sooner rather than later. In the meantime, I am glad to see there is a real recognition of the need for capital preservation. The alternative would have been to plow ahead, continuing to enrich management and employees at the expense of shareholders. And the other positive aspect is that they think they can come up with a smaller scale project that will work in a lower gold price environment, with the option to ramp things up to a full scale project when the price of gold resumes its upward trajectory, as I am sure it will.