Voltalia Ord Shs VLTAF

Goldman analysis

[ALLEN4]

Not very impressive in my view.  This report is apparently having a drag on the market.  I do not see any insights in there.  Sentiment will continue to be weak based on renewed economic strength.   That does not persuade me.  Predictions for the POG seem to be all over the place.  The chart is the only useful information that I can see at this point.

https://www.kitco.com/reports/KitcoNews20130410DeC.html

[Bpultra]

well allen... you and I being gold bugs do not  want to  believe this stuff... but that is the same 3-4 months ago when there were people saying no way... s and P was going to go where it is now... ya can't find the fed... and sometimes you can't fight the shorters... they now have full control .. got the bulls running.. or covering .. POG tech wise and broke IMO.. the

[ALLEN4]

I just think there is not much insight around these days on the price of gold movements.  It seems the sentiment is why hold gold or gold related investments when the S & P and the DOW are roaring to new highs every day.  And the buoyancy in those markets is due to positive feelings about the economy.  So I am just saying I am not persuaded by it.  And I am surprised

[Mick16]

ALLEN4, what do you see happening to Volta if gold drops to say $1200 this year around the time that the BFS comes out?  I don't see the outcome as being anything other than disastrous!  Financing will be impossible to obtain, and dilution is not an option at these levels.  So where does that leave us?  Also, on the issue of Gaoua, copper prices are being tipped to fall

[banx]

Mick, if gold drops to $1200, the resource sector disaster will be widespread and not merely limited to Volta. Volta's resource is not going away but investors may have to extend their investment time horizon. This market is too hard to call as the argument easily swings both ways. I tend to lean towards optimism but there's nothing wrong with a contrarian viewpoint. I'm seeing great

[JohnGalt]

  Hey Mick, No, it wouldn't be disastrous. Simple solution really, increase the cutoff grade. Have a look at the March presentation and see that if we increase our cutoff grade to say 1g/t we will achieve an average grade of 1.5 g/t for 3 million oz. Lower CAPEX doing this too so they may be looking at this anyway. We know that they plan on highgrading at first regardless.

[ALLEN4]

I can't see how things could get any worse, but then I thought that when we were at $1.50.  So I understand your comments, Banx's comments, and John Galt's comments. I think we are in some kind of time out now and not really participating in the market up or down with very little volume.    Alka Singh has an article titled Kiaka works at $1,000 gold; maybe she is

[gold_diggers1]

And in the mean time...... my bids 50K at $.20 and 100K at $.10 look more and more likely to be filled?! . Here I say again....... things can only get better if the upcoming BFS is robust AND VTR can secure financings to develop the mine., then the permits, the EIA, then construction....... I go for my meds again.... . GLTA  

[gold_diggers1]

".....Curvature's point which is a given and valid is that you are not going to see a buyout right now at $5.00 per share which would be $775mil only to spend another $700 million on mine development with a net profit of $550 million....." . $5/share takeout?    Well, you would be happy if the take out right now is 60 - 80 cents/share?!...... just like Andina Minerals (ADM)

[explorer14]

$5/share takeout? Well, you would be happy if the take out right now is 60 - 80 cents/share?!...... just like Andina Minerals (ADM)?!   Where do I sign? In the mean time just on the edge of falling off the cliff in the twenties. Little dog!!!! BP, I need some Band-aids LOL

[ALLEN4]

No way, absolutely not.  Look, I held onto this through $2.40 for a long time because I thought it would ultimately be worth more.  And realistically I may have to adjust my expectations downward given current environment, but ho way would I be happy with a buy out at those levels.  Look at EDV.  Its a great little company in West Africa with a couple of producing mines. 

[banx]

gold_, new investors would be thrilled at a 60-80 cents a share buyout. Old investors in at significantly higher prices would be disappointed. It's all about cost base driven perspective. At that buyout pricing, I would be up so I would be inclined to consider it a win. I have another stock called Levon Resources that mirrors the fall of Volta. My average is way way way higher than the current

[ALLEN4]

a buyout with 100 million app. when Kiaka alone has a NPV of a billion?  It would never be accepted by management or shareholders.  Volta is not for sale as a penny stock, no way.

[banx]

Allen , no offence intended. No one can say how long this down cycle will continue.. Volta will need to raise money at some point and will be forced into a dilutive financing if the market remains unchanged. These are tough times and the twin barbarians of fear and uncertainty current reign supreme. I am not a contrarian by nature and hope the market changes in due course for the betterment of

[ALLEN4]

None taken, just doing some harmless cheerleading for the team, or pumping as curvature would say.   I am always open to the possibility that I am completely wrong about everything.    The sentiment is crazy.  How quickly things change.  Here is a respectable article declaring the end of investors' interest in gold.  Don't buy it though cuz its based

[gold_diggers1]

"......a buyout with 100 million app. when Kiaka alone has a NPV of a billion?  It would never be accepted by management or shareholders.  Volta is not for sale as a penny stock, no way....." . It all depends on whether you can get financings to develop the mine.   When you run out of cash and there's no more coming in, management will accept reasonable offer for the

[prioris]

I owned Andina. I made a few cents. People who bought high got screwed on the deal. From my perspective, Andina was stolen. Management of Andina ran the finances into the ground. For a company running out of money, they didn't do anything to stop it. They had opportunity to put company on slower cash burn. Management and Hoschild seem to colluded to sabotage company and make deal more sellable

[prioris]

Just talked to someone in Detroit. They say hundreds of skyscrapers are going up. Employment is booming. Number of cars being sold is booming. Everyone is building mansions. They are using gold to pave the roads. Oh wait, they just called me back and said it was only a dream.

[gold_diggers1]

I talked about the buyout being after the BFS when the last PP funds runs out.......  . Now, I posted two examples/scenarios that looks similar to VTR.  One is Rio Alto (RIO, mine in Peru) and the other is Andina Minerals (ADM, mine is Chile).   Both are low grades (even lower than VTR) and their BFS have similar characteristics like VTR's PFS.   Let's wait to see what

[ALLEN4]

all good points and good posts, it seems most have you have lost confidence in the sector.  I tend to think that the entire gold and gold mining sector are at extreme lows but do not expect these lows to be here forever.  I am also bullish on the price of gold.  Volta is a quality company, has cash, will get financing in some form when it needs it.  We will be around when the

[wazne19]

Allen your up way too early but we appreciate the billboards posts at 4am gives me something to interesting to read rather then those articles on how amazing the Dow and s&p are 

[eebler]

RIO was able to finance their mine for $20m because it is based on an oxide gold deposit, and so they could get away with a much cheaper heap-leach operation.   As for profitability, once you add in G&A and Peruvian taxes/royalties, RIO's all-in costs are somewhere up around $1200/oz.  It is an interesting company to compare against for how they self-funding production