PINL:VLTAF - Post by User
Post by
ALLEN4on Sep 27, 2012 4:20pm
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Post# 20422188
reaction
reaction The volume, the timing, and the price, all indicate that this is a reaction to the Kiaka South news. So let's say ten share-holders with a 100,000 shares each sell because they are disappointed about Kiaka South.
Who cares. The release also indicates they are exploring other regional targets at Kiaka and we will have other exciting finds to add to the mix. Retail investors just focus on the latest news and never see the big picture. But if you do the math we have about 200 million dollars in additional revenues to scoop up from the surface when we start production in early 2015. A nice little find, certainly not a stand alone mine, but 200 million dollars is not small change when it can be had in the first year; what's called a starter pit.
I don't buy the assumption that whoever sold the million shares today necessarily knows more or has better judgment than the rest of us.