PINL:VLTAF - Post by User
Comment by
gold_diggers1on May 11, 2012 10:48am
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Post# 19899048
RE: Another storm is looming
RE: Another storm is looming The only thing that is wrong with sitting tight (not selling at $1.00s, $.80s) and waiting for the POG coming back up and hence all gold juniors' valuations is that VTR sp continues to go down (say $.30s) and then boom, a takeover offer with say $.60s..... I hope VTR management at that point can save the longs?! who have bought and held on in the $2.00s, $1.50s, $1.00s..... Could that happen? Will the poison pill prevent that to happen?
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With current markets, VTR drifting down to $.50s is totally possible, just look at SSP's market cap..... Then $.30s next.... I know I would be buying at that point. My stink bid is at $.50 and if it hits, my next stink bid will be at $.30.
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GLTA