PINL:VLTAF - Post by User
Comment by
VentureTrader1on Aug 07, 2013 12:06am
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Post# 21653225
RE:RE:RE:Cash conservation
RE:RE:RE:Cash conservation
Pretty much all of the long-standing gold positive analysts and bloggers I read are now figuring it will be 2015 or 2016 before there's any resumption in the gold bull market, and that it will be stuck between 1000 and 1300 until at least then. So unless you want to take that as a contrarian/capitulation sign, you can pretty much write VTR off as a going concern, as the 10 million in the bank, regardless of cash conservation actions they take, isn't good for 3 years. So either massive dilution or bankruptcy. In either case, the company's effectively dead as an investment and > 1.00 isn't ever going to be seen again. The only good option at this point is to sell the company for assets - at least we'd get maybe .50/share.