Voltalia Ord Shs VLTAF

Scotia

[gold_diggers1]

Scotia selling again into the bids down to $.77.... and parks their huge asks at $.78 and $.79..... This is turning into a never ending story.... between $.75 - $.84.....

.

GLTA

[gold_diggers1]

I wonder where those heavy buyers of $.84 - $.89 last Friday have disappeared to?   Come out and chew these resistances to pieces at high $.70s which should be a bargain for you now compared with high $.80s? . maybe simply the sight of a fat lady has scared off some people..... let alone her singing....LOL... . GLTA  

[VentureTrader1]

Those buyers were anticipating an upside surprise out of Kiaka South.  It's a long way from an upside surprise, so nobody cares,although on the plus side, the sector's strong enough right now that at least nobody's aggressively dumping (yet).  I guess if there are any institutions out there that want to role the dice on $20/oz gold, and think Kevin will be able to scare up

[ALLEN4]

That is why the market is having a hard time pricing this one.  We are either going to have a mine or not.  If there is never going to be a mine at Kiaka and this is all a pipe dream based on faulty assumptions and a POG that is not going to last, then Kiaka is worth nothing (although I would argue that Volta Resources even before they landed Kiaka was worth $1.40), but if Kiaka is not

[VentureTrader1]

It depends on how many shares have to be issued to fund the Capex, don't you think?

[ALLEN4]

Don't think so, because the 548 million net asset value based on $1,372 POG has already taken into account the costs.  So whether the cost is by way of loan, share dilution or whatever, the net asset value is there.  Even assuming $1,372,  to move our market cap from current level of about $130 million to $548.00 would bring about a dramatic movement up in share price.  And

[gold_diggers1]

I think people are waiting to see how VTR is going to fund the development of Kiaka, especially the DFS - what to do in a staging approach.   The funding may consist of several options, not just equity issue.   It could be a combination of debt financing, equity, a JV with even some non-mining companies (like Samsung doing a deal with someone, can't remember who).... &

[ALLEN4]

Its was Cluff Gold that did the deal with Samsung.  I was thinking about calling Bill Gates to see if Microsoft would be interested in a piece of the action in Burkina Faso.

[gold_diggers1]

VT1 - "...at least nobody's aggressively dumping (yet). ...." . Erh..... What do you mean?   VTR going down over 10% on heavy volume today, you still consider this is "no dumping", especially compared with previous down days?   Rarely in the last litlle while, did I see VTR going down with such a high volume?!   . Let's see where the

[VentureTrader1]

I posted that early in the morning, before the heavy unloading began.  That's why I included the (yet).  I agree, this is a major selloff, and it's just starting.