PINL:VLTAF - Post by User
Post by
eebleron Jun 29, 2010 1:44pm
669 Views
Post# 17231361
Cut-offs
Cut-offs
Interesting numbers and reaction. Initial dip was everybody selling the news because it didn't come in at double expectations. I was certainly hoping for more, but by the same token if you look at the cutoffs and start adding up the numbers a little lower down the table, you can get to over 2M ozs pretty easy. There are still lots of other prospects in the area. I'm a little perplexed at how they managed to improve the average grade by only 0.03 g/t over Randgold when they were consistently reporting some very consistent grades. Guess maybe that's why I'm not a geologist.
Now that it rebounded after the news, going to take my lumps (it's below my avg cost at this point by enough to matter) and go back to trading swings on some of the mid/big golds. The patience isn't there at this point to wait for the inevitable appreciation and proving up of more ozs. For those of you who got in early and are staying on for the ride, good luck to you. I can't say whether I'll be back again so for those of you who posted such excellent commentary and insight, much appreciated. Learned a lot and enjoyed a quality bullboard.
Good luck to all.
eebler