PINL:VITFF - Post by User
Post by
metalbrainon Nov 18, 2010 1:57pm
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Post# 17725629
Farewell Till Spring!
Farewell Till Spring!Stick a fork in me cause I'm done, took some nice profits but expected more from this play. The problem is there's too many shares to manipulate the sp, so I'm off to greener pastures. I expect this play to be fairly stagnant over the winter as Chad and Co. have a pretty poor track record of supporting this stock by putting out meaningful news releases over these months. With that being said I might jump back in once Eagle starts up, otherwise until then I believe this will see $1.00 again over the next few months.
I could be wrong and VIT could take off come Eagle's results but I figure I'm better off adding to my T.CNL (ex Aurelian team) core over the long winter as they have only 120 million shares fully diluted to which chairman Robert Allen owns 35% of them and the rest of the insiders have been consistently adding over the last couple of months. Also they have $85 million cash on hand and 5 drills going on their very, very high grade properties. Definitely worth a look as it seems very promising IMO!
GLTA, especially the very patient longs!