PINL:VLTAF - Post by User
Comment by
ALLEN4on Mar 04, 2013 7:07am
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Post# 21072124
RE: RE: Clive Maund articles
RE: RE: Clive Maund articles gold_diggers, It wasn't so much specific information as a general reassurance that everything is on track and a confidence that Kiaka will proceed. He confirmed many things that I suspected. Fund managers being faced with large redemptions, millions of dollars in one day in some cases, indicating they love the project but they have to get the cash to fund holders. No one has to worry about an equity financing at 30 cents; its just not going to happen. The downturn in the share price causes some people to think well there must be something wrong and those people sell and the cycle repeats itself.
Some of the posters here truly believe one thing and one thing alone - the share price. For them that holds the ultimate truth. I suggest you take the opportunity to speak to Kevin directly; he is quite accessible. I have much more confidence in the truth he is delivering that the supposed truth beling delivered by the market which values our company at less than 50 million based on a bunch of fearful uninformed trading.
The speakers, newsletter writers were good, most suggesting a contrarian approach, with Rick Rule saying something to the effect that sometimes cheap is cheap enough and recalling the times in 2008 when he was aiming at many companies selling for pennies on the dollar but was too slow to pull the trigger. Kaiser also made the point that the narrative of gold miners has to change. The constant talk of end of the world scenarios causes the sector to lose credibility. If the world falls off a cliff the last thing you will want to own is a junior gold miner. Guys that talk about 3 thousand or even 30,000 dollar POG make gold investors seem like quacks. In fact he says the POG is largely driven by a positive economy particularly is countries like China. Generally, the world will muddle along and the POG will become stronger over time. Nothing wrong with that scenario when you own a good company. The world does not have to come to an end.