Voltalia Ord Shs VLTAF

share price action

[ALLEN4]

I am asking myself the following questions and I have the following answers for myself: 

1.   Is the share price action between our high of $1.79 and today's a meaningful event worthy of intellectual pursuit and inquiry?   

Its meaningful for me if I translate the dollar value of my investment on the day we reached our high vs the dollar value of my investment today, believe me.   However, I do not believe there is anything else to be drawn from that observation.  Some people have sold their shares and we do not know why and in fact don't know why they bought them in the first place so won't know why they sold.  I can bet that there are a host of sellers who sell because others are selling - and that's a form of trading that I understand, if I was to disparage them I would call them sheep.  So you could draw a conclusion that the share price is going down because its going down.  Then when it reverses course you will have to say that its going up because its going up.  None of which is meaningful or intellectually appealing.  Our stock has a personality and I suppose we have to acknowledge that it is volatile.  Compare it to SMF which is on a nice steady bull run.  If you accept VTR's volatility on the upside you have to take it on the downside as well.  The share price action must always be read along with the volume.  The volume together with the short history of our bull run tells me this recent share price action is not something that we need to take a "message from the market" about.  There is not an explanation for everything.

  2.    Could the share price action have been predicted and have you made a mistake which you can learn from?

I think some weakness in the overall market has always been a risk and the fact that we are a small company in a risky sector means that when the market conditions become difficult we are at risk to some extent.  But I certainly was not willing to be out of the market given the exciting project at hand and the great execution of management in completing this in a timely fashion.  I certainly see no reason for beating myself up for not selling at $1.71 and buying back today.  The share price could have just as easily continued on beyond $2.00 and left me regretting that I can no longer afford to get my same position back. 

I expect that the NI43-101 will be a positive catalyst for the share price but it may not be.  There are so many other events that can take us higher.   In the grand scheme of things and in the overall history of our small company and the gold bull market, to quote from Casablanca, "this doesn't amount to a hill of beans".  

I am going to offer a prize for the person who first posts the NI 43-101. I have just been too busy but I will think of something.  It won't be my mustang.