RE: RE: Share price - ComparisonYes, VG Gold rose above 0.50 when McEwan got into it, but then it spent almost a whole year drifting down to a low of 0.21. I ended up buying LEX for around 0.45 in August because it was going for half of its net assets which was primarily VG Gold. Only until McEwan announced a merger with LEX/VG Gold did it really take off. Gold rising also helped add to the share price as well.
That is not to say that VAX won't keep going up from here, but shareholders have a tendency to get bored easily even on good drilling news. That's what happened to VG Gold after McEwan initially took up a stake in it. Perhaps we will get a new bull run in the mining sector and you won't have to deal with the post McEwan shareholder withdrawal that VG Gold suffered.
Final word for the patient investor: McEwan doesn't play for peanuts and invests with the inclination that he's going to get ten times on his money. So he sees a potential $2.50+ share price down the road, though I think he will probably just eventually fold this one into his other companies with all shareholders making out like bandits.
I actually don't own VAX because I am 100% tied up in this sector and I don't want to sell anything for VAX, but its on my watch list.