ZZZZZZZZZZZZZZZZZZZZZ Int'l Speculator reckons Virginia too high to buy
Virginia Mines Inc (C:VGQ)
Shares Issued 31,516,443
Last Close 1/19/2012 $9.08
Friday January 20 2012 - In the News
The International Speculator in its Jan. 3, 2012, issue, figures Virginia Mines Inc. is too high to buy at $8.50, but it is a "Buy under C$8.00."
The newsletter said buy the Andre Gaumond play seven times between Feb. 1, 2007, and Nov. 3, 2011, at prices ranging from $3.89 to $8.94. Assuming an investment of $1,000 for each buy, the $7,000 investment is worth a respectable if unspectacular $10,506.
The Speculator's writer goes over the press releases and declares, "Story unchanged," adding that the shares are holding up well in a shaky market.
Despite his much-repeated partiality to the stock and Mr. Gaumond, the writer resists the temptation to buy above $8, saying he would rather wait and get Virigina cheaper before adding to his portfolio. Virginia's projects include Lac Pau, the Poste Lemoyne extension, Anatacau-Wabamisk, Eleonore regional, Ashuanipi and Corvet Est projects, all in Quebec. Fellow newsletter writer Lawrence Roulston said buy four times between July, 2006, and September, 2008, at prices ranging from $3.95 to $7.10, in his newsletter, Resource Opportunities.
© 2012 Canjex Publishing Ltd.