Voltalia Ord Shs VLTAF

Rigged game

[explorer14]

This game has been going on for years with VTR

The selling into the bids at the last second. How do you call this?

In my book it's price manipulation nothing else

[Mick16]

Yes, I understand it's manipulation, I just don't understand the rationale behind it?

[99999gold]

it is rig, those who have the stomach or heart wins out.

[VentureTrader1]

Usually it would be speculators with short positions pressing their advantage and setting the tone (eg going down fast) for tomorrow, to keep the downward momentum going.  In VTR's case, we know there's no significant short position (from gold_diggers1) and there's nobody surreptitiously accumulating stock by generating downward momentum and then flipping to the buy side, so the

[Mick16]

Thanks VT1, an excellent balance of your usual cynicism and some positive spin to keep folks like myself from hitting the "sell" button! :)

[gold_diggers1]

VT1 - the short position as of Sept 30 has increased from Sept 15... but the amounts is still insignificant with 155mil shares outstanding.... I think the sell off has everything to do with Kiaka South being not a game changer as management had been talking about..... i.e. its maiden resource is much less than people expected. It remains to be seen though whether management and Standard Bank can

[VentureTrader1]

On the topic of whether or not Kiaka is worth building - I wonder at what price of gold the whole capex becomes irrelevant - 2000?, 2500?, 5000?, 10,000?  At some price, 5 million oz of gold becomes worth mining, regardless of the capex...    If production cost is $700/oz and POG is 10,000, that's a lot of margin for a company like Randgold to leave on the table, just because of

[gold_diggers1]

VT1 - "On the topic of whether or not Kiaka is worth building - I wonder at what price of gold the whole capex becomes irrelevant - 2000?, 2500?, 5000?, 10,000?  At some price, 5 million oz of gold becomes worth mining, regardless of the capex...   If production cost is $700/oz and POG is 10,000, that's a lot of margin for a company like Randgold to leave on the table, just

[VentureTrader1]

.45.

[VentureTrader1]

gd1 - "Why POG going up? it's partly because inflation... money printing. That will also lead to the cost of developing Kiaka going up too. So, capex is not $609 mil anymore by the time POG hits $2500"   True, but in a real gold bull market, the POG goes up faster than operating costs and capex and the gold miners make a lot of money, so I would expect the case for developing