PINL:VLTAF - Post by User
Post by
ashcakeon Apr 21, 2011 10:17pm
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Post# 18473304
spoke to IR
spoke to IRI spoke to Nick Sayce in IR this week to get some insight (if he had any) on the extent/risk of the political turmoil in Burkino. He honestly didn't know but felt confident that it would eventually be resolved peacefully/democratically. He was buying shares all the way down from 2.30 or so like many of us and feels it's a five dollar stock at some point. He too had run out of powder or at least, was reluctant to step in for more shares just yet (even though he admits it is an extreme bargain here) .He said he would rather buy when he knew things had settled and it was back on the way up even if he had to pay 20-30 cents more (that's prudent/fair). I personally bought another 10k shares this week mid 1.60's (the gambler in me) thinking there is much more upside than downside next few months and believe the political situation will get resolved. We'll see. I'll probably buy more too if it get cheaper...about $20k left in the arsenal but that's it!
One poster mentioned Randgold. It would be great to know how much they have left and what their plans are. Maybe someone else on here could contact Nick and ask. He's a good guy and welcomes calls.
Cheers,
Happy Easter