Post by
rborhi on Jan 14, 2010 2:58pm
outlook
yes it looks pretty bad right now, but from this level of 3 to 4 cents there is some upside since they have a diamond/gold mine that was once operating - and other areas with potential to explore in Brazil. The one Brauna property interested another party enough last year to do a 5 million deal, and we're still waiting on results from any sampling done. That one deal last year popped the stock to 10 to 12 cents for a while, after it had gone down to a penny. Some good results out of Brazil, or news of the mine re-opening are two things that could put some life back into this one. Look at Stornoway, they have about the same amount of shares outstanding and are trading around 60 cents - mostly due to proving up Renard as a future mine. Not saying VAA is a lock to get huge gains, but they have a few promising irons in the fire that could bring some life back to the share price. If you bought in at higher levels years ago, it might not mean much, but from this level of pennies per share you could possibly see a 100% to 400% gain.