Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Voltalia Ord Shs VLTAF

Voltalia SA is a France-based holding company engaged in the renewable utilities sector. It designs, develops and operates electric power stations in numerous countries, such as France, French Guyana, Brazil, Greece and Morocco. The Company generates electricity using a variety of renewable energy sources. These include wind, water, biomass and solar power. In addition, Voltalia SA specializes in carbon credit trading activities. The Company operates several subsidiaries, including Anelia and Bio-Bar in France, Voltalia Guyane, SIG Kourou, SIG Mana and SIG Cacao in French Guyana, Voltalia Energia do Brasil in Brazil, Thegero in Greece and Alterrya Maroc in Morocco, among others. The Company is owned by Voltalia Investissement SA.


PINL:VLTAF - Post by User

Comment by VentureTrader1on Nov 30, 2012 1:44pm
138 Views
Post# 20667727

RE: tempted to buy but maybe I can get it

RE: tempted to buy but maybe I can get it

I know it's hard to believe, and I know that the 'something is wrong here' comments are generally just designed to generate fear, but sadly, I think in Volta's case there is something definitely wrong.  And I don't think it has anything particularly to do with the company or mgmt, it's just that the market has decided that VTR will never raise 600 million to finance the mine, and it's really stopped being a company that's in any way investable.  The gist of the mindset has to be "1.2 billion shares to finance construction - never going to happen".  This effectively turns VTR into a low-rent penny stock inthe market's eyes, and a cheap buyout at best (maybe somebody comes along next May after the money runs out and steals it for .60) or a complete bust at worst.

 

Honestly, the market has decided that the company is just another penny stock - and the 5 million oz are worth nothing anymore, because there's no way to get them out of the ground.  I'm sure mgmt is having a terrible time coming to terms with this as well, but I don't think the situation can be denied.

 

For me it's been a disaster, as I got caught in the trap of believing in the company, and in the idea that the juniors would turn around and get investment money again as the price of gold stabilized above 1600, but it's clear to me now that I've deluded myself, and let the slow grind down lull me into a sense of worried complacency, instead of the abject panic that was warranted by the price action a year ago.

 

I see it much more clearly in other juniors that are in the same boat, and which I don't own - it's clear that they are doomed, and I wouldn't touch them with a 10 foot pole, regardless of analyst opinion or quality of management.  Stupidly, refusing to realize a large loss a year ago in VTR is now going to result in a completely catastrophic loss.

 

I honestly can't see any way this thing even gets more than a  .01 bounce between here and .35.  And even then it's a brutal falling knife.   When they get this low, they are dead to the world, and eventually  bankrupt.  Sadly, the 20 million in the bank that VTR has at the moment just means the process will take longer to play out and be more painful as a result - water torture instead of the guillotine.

 

So sad, I guess there were just too many believers in the junior sector willing to lose all their money waiting for the next pm miners boom.

<< Previous
Bullboard Posts
Next >>