PINL:VLTAF - Post by User
Post by
ALLEN4on Aug 14, 2013 9:51pm
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Post# 21671488
finally someone who supports averaging down in some circumstances
finally someone who supports averaging down in some circumstances
and also says not to be afraid of large lower grade deposits
https://news.goldseek.com/GoldSeek/1376506800.php
And no I do not see VTR suffering CHU's fate. They were in a different league entirely, and it was clear they were very low on cash, and it was clear they were desperate, and no where near the size of projects or progress in development. No way management would let us go for 24 cents, if that were true we would have been bought by now. Other companies know there is no chance. I think there is uncertainty in the market both for potential acquirers and target companies as to what their projects are actually worth. But Volta certainly knows that Kiaka is worth more than the 30 million your 24 cents a share would imply.
Sentiment is changing for POG and the sector and it won't take much to get us back to a more reasonable market cap