GREY:VITFF - Post by User
Post by
bajanjohnon Aug 17, 2011 10:19am
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Post# 18951090
Questions for the AGM
Questions for the AGM
Many questions need to be asked at the AGM.
Several posters have noted some of the potential events that will lead VIT out of there doldrums.And they are all correct.One of the major issues is the timing of these events and as one poster noted the expected timelines have rarely been met by VIT.
They are building a trmendous long term value play, but at what cost to current investors. I have attached what one company has done in one year in Nevada as far as permiting etc, " can we not do the same with cove," as was stated in the May press release and start collecting the much needed capital to fund Eagle, by this press release VIT could acieve $ 60 million pre tax dollars?
Golden Phoenix Minerals (OTC:BB: GPXM, Stock Forum), sold a 70% interest to Scorpio Gold in early 2010, which has transformed the property into an operating, profitable gold mine in barely over a year.(this from Stockhouse today)
VIT management must account for the delays in permitting, drilling, release of results , and their timelines constanly being missed. Other companies seem to be able to to achieve their tighter timelines than VIT's.As in all juniors time is money as the burn rates go on and on,( as suggested by someone earlier)Vit already has a "high" dilution factor, and the sooner income can be realized the better. You can still drill, when you are ,mining and producing a cash flow.
It will be intersting to hear what MGT has to say tommorrow.