PINL:VLTAF - Post by User
Comment by
ALLEN4on May 24, 2012 7:24am
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Post# 19940684
RE: RE: sorry here is the link
RE: RE: sorry here is the link No I had not seen the Victor King video, but I am not surprised if someone else had posted it because we have so many people reading and posting. For what it is worth I do not think you will be waiting long to see a bounce back to higher levels. You can look at it from two angles. First the entire sector is oversold and as many commentators have pointed out the discrepancy between POG and values of miners are at historic lows and if history repeats itself the price of miners will climb back in relation to the POG. Second, the developments within the company itself are enough to prompt a surge in share price. Further drill results at Kiaka south confirming high grade deposit would do it - someone pointed out that Brent Cook is watching closely for the results of further drilling in that area - that's encouraging to me, and recall the huge upward surge in share price on Feb 14 when Kiaka south drill results were released.
So bottom line, although its a fools game to try to predict the timing of share price increase, my guess, conservatively speaking is that we are plus $1.50 and rising by September, 2012. The nice thing about owning shares is that you can be wrong in your timing and it doesn't matter, you sometimes just have to be a little more patient. Its not like options where you have to get both the share price and the timing of it right or else your options can expire worthless.