GREY:VITFF - Post by User
Comment by
sololeoon Jan 11, 2013 1:44pm
247 Views
Post# 20826883
RE: RE: Jan presentation out
RE: RE: Jan presentation out Glad the presentation has been updated for the reality that VIT did not manage to arrange its financing by end of 4Q2012...at least they're updating info as things occur, or don't occur...unlike some junior resource companies that prefer to bury their heads in the sand and pretend that all continues as they had once projected.
Putting a project into production is a process that's fraught with delays in the best of financing environments...management tends to be optimistic in projecting their timelines and, with much of the process out of their hands, even slight hiccups along the way can alter timelines by quarters...even years. In the current environment, factors completely out of management's control put brakes on the process.
Having dispassionately written that, I'm as impatient as the next investor to see some of these projects achieve milestones that will propel depressed share prices higher.
GLTA