PINL:VLTAF - Post by User
Comment by
ALLEN4on Apr 20, 2012 1:11pm
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Post# 19817290
RE: RE: depth of trading
RE: RE: depth of trading I agree, its probably not helpful, just using this number to stress the point that we are very illiquid and that the trading happening is not representative of the sentiment of the vast majority of shareholders. What would be helpful to know would be the perception in the community of gold miners as to the market value on a buyout. For instance, I doubt that PRU would think that they could buy us out at a modest premium to today's share price since we desended here on such low volume. Probably within the community of gold miners the market value of Volta is known in whispers. Maybe for instance there is thought that $4.00 per share would get serious consideration by the management of Volta. Just an example, I have no idea what the number would be but I suspect there is some idea in the community as what it would take for Volta (and shareholders) to be persuaded to take a partial buyout (of Kiaka) or a full buyout of the company. I really have no idea what that number would be, but surely the community knows that we could not be had for 84 cents.