RE: The mind set of the VIT chat roomIt was reported on this board a while back. The best drill hole since Arulian.Probably some truth to that.
I was at the Vancouver Gold Show-fromm morning to night.I just can,t get enough.
The general feeling I got,well what most of the speakers felt."A lot of their clients,friends ,asociates had sold earlier because of the season.Sell in May and go away.This was true 5 out of the six last years,these people have lots of cash and are waiting on the sidelines for a chance to get back in,so when the market turns it will turn FAST.
There is also potential political problems etc that could shoot the gold price up with the gold shares with it.We get a good drill hole,some clarification from Bema,or some coverage,the price will rise.A good drill hole,we rise fast.
Not many sellers,I think most who wanted to sell have sold already.Some of the volume is daytraders.I sold some the other day at 70 to buy back at 65. A lot of that going on.Some might think they can buy at 55 so why not sell at 65.There is also a rumor of a Private Placement at 55 cents,plus warrants.I own 210,000 shares,I would dump them all at 60 cents,if I knew I could pick upm the PP at 55 cents and get the warrants for free.Then there is the state of the whole market,most stuff is down,look at EPZ,OLE ,MMR ,CAT or almost any other exploration stock.I also attended the workshop at the goldshow with Bob Bishop,he had issues with the company and the Geologists and management.The way they handled the news,the stock would always move before the news is out etc,they run it almost like a private company.All in all,I think Victoria is a great speculation,I have voted with my feet,I do own a lot of shares.Good Drill hole,Good market,we could easilt see 3 to 5 bucks,real good,mayby the next arulian.