PINL:VLTAF - Post by User
Comment by
VentureTrader1on Jul 14, 2013 11:06am
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Post# 21606485
RE:RE:RE:Sunlight within the dark clouds
RE:RE:RE:Sunlight within the dark cloudsgd1 - these are the same questions I ask myself. On the one hand, at around .06 or .07 the stock's basically trading for current cash value. I would think the gold price is going to rebound fairly soon, but then I didn't expect it to drop as low as has already, so who knows. And even if it rebounds, what does VTR do at this point? How do they survive long enough for Kiaka to become viable again (assuming that even ever happens).
Even now they're trading at 22% of book value - normally that would be a real steal, but I'd have to believe that there's some way to get the price of gold back to matching what's going on in the real world, and the entites that manage the price (of gold) still seem to have it pretty firmly under control.
Deal of the century? Or set up for a total loss?