GREY:VITFF - Post by User
Post by
willibrichon Jun 25, 2016 2:58pm
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Post# 24998571
Conspiracy theory ?
Conspiracy theory ?
I note that in the April 1 , 2016 BNN interview , John McConnell states that VIT is in no hurry to proceed towards development. John states that there is 13 million in the treasury. There is no need to dilute the share float further at this time. VIT will drill off the satellite deposit and update the 2012 P.E.A. this year Of particular interest is the mention of signing 12 C.A. s ( Confidentiality Agreements ) with majors. Because , just 3 weeks later , VIT announces a $ 24 million financing and another 80 million shares of dilution. What catalyst occurred to cause VIT to do this so quickly ? Was it a hostile takeover bid in the making by one of the 12 majors ? And what prompted VIT to make an announcement that they would proceed with developing Eagle on their own in the Whitehorse Star on Friday June 23 ? Was this done to gain more leverage , due to another hostile takeover bid imminent ? I am thinking that the recent rise in the gold price was incidental. It cannot have been responsible for this decision , since gold prices have been too volatile. Also significant is the fact that this news was released in a Whitehorse newspaper. VIT has thumbed their nose at the southern media. Perhaps VIT is angling to get the highest price for their shareholders with these tactics. Because their is risk in constructing a new mine and mill and then executing the mining plan. If the shareholders can obtain a good return on their investment by selling out to a major, then this spells certainty. And at the end of the day , it is all about making money.