PINL:VLTAF - Post by User
Comment by
gold_diggers1on Jul 14, 2013 10:24am
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Post# 21606455
RE:RE:Sunlight within the dark clouds
RE:RE:Sunlight within the dark cloudsVT1 - ".....Assuming the market tanks like it appears to be setting up for, I can't see anything that's going to save VTR from getting close to .05"
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Well, in that case, due to current market conditions and sentiments towards VTR, it's prudent for me to review my options in order to conserve my capital. My 100K purchase order at $0.10 has been cancelled and delayed to $0.05...... For existing shares I hold, they are in dead water for now. Yes, that is my question.... how long the BFS is being delayed? until when?......
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The last reported cash balance was $11M as at June 11, 2013 in the corporate presentation (by the way, new website and president's message have been put up). I wonder how much cash VTR has as of now? How long can that last without doing the BFS? I was told that management would try to make the cash to last for at least another year and beyond. Originally, it would last until the completion of the BFS only.... meaning another 3 months or end of this year at the most. Now management is trying to make it last to at least next summer or end of next year without equity financings. Hope the POG rebounds by then....
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If and when Goaua is sold, then VTR cash position will be further strenghtened..... How is that Gaoua sale doing anyway? Hey management, we, the litlle retail shareholders, would like to have an update on that front.
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and my another question has been How did management survive the last downturn in 2008? in terms of cash position, activities, strategies...... when the sp was knocked down to $0.06-$0.07/share. Can this time be the same? Can management make current cash to last and survive this even more severe market malaise?
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GLTA