PINL:VLTAF - Post by User
Comment by
VentureTrader1on Jul 12, 2013 11:15am
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Post# 21604276
RE:For those who view the news in a negative light
RE:For those who view the news in a negative light1 g/ton resources might be developed someday, but not likely by Volta, which is likely to run out of cash and be sold off for pennies long before the sector recovers enough to generate interest in low grade deposits again. They're an old story now, all the problems that make the deposit marginal are well known, so they'll have a terrible time competing for investment $ against newer discoveries that haven't yet been exposed to the harsh light of economic reality. By the time enough enthusiasm and capital has been sunk into the sector that there'd be some investment washover dollars desperate to buy anything even remotely related to gold, VTR won't be around for them to throw their desperate trend-chasing $ at.
Maybe track whoever picks up the Kiaka property, maybe their timing will be better, they should be able to get the property for a song, and can leverage all the feasibility studies and exploration that we paid for.