GREY:VITFF - Post by User
Comment by
Windrunneron Jan 19, 2007 11:39am
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Post# 12050575
RE: pendragon....teevee
RE: pendragon....teeveeI may have thought this way a few years back but the exploration done was slow and one got more excitement watching the grass grow. Bema's boy toy, I don't think so. Bema's ace in the hole is more like it. Why I say that is, if their other international projects were to have broken down for any number of reasons then Bema could come back to their own backyard. Environment is well known and politically stable for better opportunities.
They have also kept the number of shares down, I have another stock that has doubled the amount of shares (for the same amount of time I've owned VIT) and have nothing to show for it. Now that one is bad management.
Speaking of management, VIT is no longer Bema's toy but Kinross's. I believe when there's a change of management there's an opportunity to show the new boys your true worth. VIT may have been under Bema's thumb and now have marching orders to perform. You may even see a change in upper management as I'm sure Kinross may want to put some of their people in to monitor the company's performance.
Just have a look at a weekly chart for this company and the volume is huge. I looked at other companies that have done well and have been compared to VIT's latest results. Not one of them had the major volume that VIT has had. I take that as intriguing development. Totally up to you as to what you want to take from all this. Buy,sell or hold, it's your call. Good luck.