Voltalia Ord Shs VLTAF

RE:Cash conservation

[ALLEN4]

Thanks Mick16, that's encouraging.   Its good to hear some of these things directly from the company.  Tough job being the IR guy in these markets, because no one is listening to anything.  Everyone hates gold miners because of Barrick and Kinross. 

I am noticing recently though that some people are distinguishing between the seniors and the juniors, rating the seniors as a sell and quality juniors as a buy.  Even Jim Cramer stated the other day that the seniors are running out of resources to mine and cannot replace them, so they are a sell.  Sooner or later they will be buying from the juniors and the juniors that have the goods will be winners, so he rates the juniors as a buy. 

These are strange days indeed when one penny down is an eight per cent loss on the day.  The only news that really matters these days is news about the sector generally.  Company specific news is just going to be drowned in the overwhelming malaise in the sector.   I agree that we should be handsomely rewarded.  Consider that you can buy this company for less than twenty million and the NPV of Kiaka alone is $550.00 million.  On top of that we are highly leveraged to POG and I happen to be bullish on POG, so in the not too distant future I expect NPV of Kiaka to be in excess of a billion dollars, and you can buy that asset, along with all VTR's other assets for 20 million - or two (2) per cent of its probable NPV, at, say $2,000 an ounce POG.