Post by
ALLEN4 on Jun 16, 2010 12:37pm
market reaction
I expect that this will be one of those instances where we will have a delayed but significant reaction in the market to the news in respect to the use of proceeds. Volta has set out an ambitious and diversified plan for exploration (as well as technical studies to further de-risk Kiaka). Now the institutional investors will take a day or two, have their board meetings, and decide that it might be a good idea to invest in a well-managed company, which follows through on its execution promises, which has good properties in a mining friendly jurisdiction, and which is going to aggressively explore for one of the hottest investment commodities going today - GOLD!. The further news re: Nassara just provides evidence that this is not just talk. Add to this the pending NI43-101 and I think we will see some serious money moving in to grab a piece of the action.
Comment by
YakYak3 on Jun 16, 2010 12:54pm
You are right. Nassara is not mentionned in the use of proceeds because it's part of Gaoua.So we might see a JV on Gaoua with Nassara being excluded.
Comment by
stayhumble1 on Jun 16, 2010 1:02pm
Gaoua is huge... I recall k. Bullock saying that if Gaoua were in BC there would be 50 - 60 companies owning pieces of it. It will certainly be interesting to see how that area unfolds. Copper/gold porphyry systems will be highly sought after by major gold companies according to the folks at Sprott.