Voltalia Ord Shs VLTAF

Looking through the front Window

[ALLEN4]

gold_diggers, agreed not everyone has money available; almost noone does, there's always an excuse;  but if one could predict the future with certainty and knew for sure we would be over a dollar in a year, people would find the money somewhere.  Where there's a will there's a way.  BP is not the only one who holds shares bought at much, much higher prices.  I think the only purchases I have that are not currently under water were bought at 16 cents recently. 

As for the cash we had during 2008 I don't recall; probably had some money from financings from the likes of Sprott, etc.  But we had just gone through a similar decline, I think from close to a dollar down to 18 cents or so.  But there was not this sense of desperation then as there is now.  Gold was still below $1,000, and we were scouring West Africa for opportunities and had yet to come across Kiaka.  But there was a sense that our management would make a discovey or acquistion to develop into a worthy project and that our share price would ultimately return to normal levels and higher.  Remember, while there has been a few shares issued since those times, there has not been many and our market cap remains at levels that it was pre-Kiaka and pre-$1,000 an ounce gold.    But we survived that down-turn and we will survivie this one.  This is not a tiny venture stock with 300,000 dollars in the bank, no assets, and no management.  This company has been a significant player in West Africa for years, and its management team even longer. 

Here's a quote from this morning's Globe Report on Business insert, from David Rosenberg at Gluskin Sheff that |I liked:

"The rear-view mirror is helpful, but I'd still rather drive by looking through the front window.  And considering how depressed the commodity sector is, I think there is only upside from here".