STOP WORRYING ABOUT YOUR VIA. ENJOY THE RIDE!No need to fret about how VIA is "getting ahead of itself." It's the gold stock play of the decade, and you're lucky you know about it!
Hasn't hit the popular press yet, folks. Still a goldbug game. Get it?
I just posted the chart. Take a look. This baby is resting up for the next round, in my view. the on-balance volume charts above and below the price chart show accumulation still occurring, although granted we are getting some profit taking in here after its beautiful run-up.
Price shows a little plateau for the stock to catch its breath, and it's not too vertical, which is always scary.
Maybe it backs off a little more, maybe it is "rested" as of Tuesday Aug. 23. This is one where, if it does back off much more, I'm selling some Goldcorp and buying some more VIA. I want the truck to be full!
I have no inside info. But my instinct and collective knowledge from reading the site and studying other mines and reading the newsletters is that Éléonore is the best frigging gold field find in canada, maybe in the world, in the last ten years at least. we're probably looking at five million ounces, and we might be looking at 10 or 20!
And you can still buy it and the rest of the company including their 30 million in CASH for a market cap of 350 million canadian bucks!
Éléonore may be sold as soon as this fall for megabucks, leaving our little french canadian beauty of a company with hundreds of thousands of other prospective acres to continue to drill and a very fancy checking account, or a huge cash dividend to pay.
if Roberto-Éléonore isn't sold this fall, it will just be sold after that at a higher price tag!
if it is worth C$900 mm this fall, it'll be worth C$1.5 billion a year from now. just a function of how many holes they have time to drill before the bidding gets crazy!
Virginia is clearly in the driver's seat, and all the big boys know that the price has a high probabality of rising, the longer they wait to make a deal. this is a sweet thought that makes me want to buy even more stock!!!
and none of what i just said factors in the screaming possibility of $500 gold by the end of the year.
in conjunction with $500 gold, this is the perfect storm stock for 2005-2006 --
* the best discovery in recent history,
* in a safe mining country that people aren't afraid of,
* during the run that will turn gold from a stealth bull to a page one bull market,
*and monetized in a currency ( that is actually trending upward instead of downward.
As newsletter writers bob bishop, adrian day, and claude cormier (sharp guys with very solid track records, by the way) have each alluded to one way or another, the challenge on this one is going to be to hold onto your frigging stock and ride it to the end game!
Regards, PaperPerson