PINL:VLTAF - Post by User
Post by
ALLEN4on Nov 26, 2012 12:31pm
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Post# 20644200
comment from corporate report today
comment from corporate report today "we aim to bring Kiaka into production in a way that increases capital market and shareholder values."
I accept the above as a given. So if the suggestion is that shares get issued at 55 cents to raise $600 mill for capex, that is ridiculous and not in anyones' interest including management who own shares themselves. Having said that, if the market currently values VTR shares at $14.00 per ounce of gold, we could afford a dilution which took us up to a valuation of VTR shares at $50.00 per ounce of gold.