GREY:VITFF - Post by User
Comment by
ss1867on May 08, 2013 2:20pm
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Post# 21353132
RE: RE: This is a buy, even without the gold.
RE: RE: This is a buy, even without the gold. Just fine by me, get rich quick is almost impossible in todays markets. The longer we base the more time an investor has to accumulate. I still expect to see a reversal to support in and around 18 - 20 cent range fairly quick. The shovel ready resource is in the ground and it is not going anywhere, VIT will move with the POG...if your in the camp that paper currencies have or are about to run out of steam then VIT offers a nice reward here. Management choose a non dilutive approach to forwarding their objectives, so sure we sit for a while and collect the remaining necessary approvals. Revisit financing possibly as early as this coming fall when markets "hopefully" show more positive sentiment. Wounded knee hit the nail on the head, smart move by management to slow the train down a bit and cherry pick the best deal that may offer itself. A lot can happen with the POG this summer, many moving parts and no one really knows. VIT looks to be one of the better....speculative....gold plays that presently presents itself at a fire sale price. Reversal will happen quickly. SS