GREY:VAALF - Post by User
Comment by
hotinfoon Mar 02, 2010 6:47pm
359 Views
Post# 16835810
RE: oh well
RE: oh wellI'd rather hold my shares through the TIO deal than have sold in the small runup. Once the TIO deal is done they still have a producing mine of gold and diamonds (once they start it up again), plus potential at Brauna and other Brazil kimberlites, plus whatever Tio is bringing in. We could see rollback at some point though, there will be lots of shares outstanding.
Its funny you say that because I got in VAA at .03 to see it fly to .13 then die to .04 when I sold (should have , could have, would have). I bought TIO like you mentined above and they are in the process of buying VAA as we all know (being voted on). They state that once the voting goes through (for the buyout) they state that the mine will reopen ... that should sent the stock up a few cents but what I have seen with current holdings like CML, and previous holdings like FNI, they always had a reason not to reopen. Lets hope for both VAA and TIO we do not have to wait another year for "repairs" that might just appear from nowhere and soon for this management means by summer !!!
Robert