Voltalia Ord Shs VLTAF

VTR and POG trading inversely

[ALLEN4]

not always, but on occasion, and depending what is moving the POG.

Today it is apparently down on stronger U.S. GDP report.  Theory is better economy = less need for safe haven of Gold.

And stronger economy is better environment for risk assets, a category in which VTR certainly falls.

[Mick16]

So you're saying we're damned if we do and we're damned if we don't?!!

[ALLEN4]

No, saying we win either way;  POG goes up, that's good in the long run for us;  POG goes down, it means environment's getting better for people to wade back into risk assets like VTR

[Mick16]

But if gold drops under $1500 eg Kiaka will be likely considered uneconomical (notwithstanding the NPV per the PFS, which nobody seems to attach any value to) and therefore worth little to nothing?  I'll wager that VT1 is expecting just such a scenario to play out, all of course happening at the exact time we need financing and therefore dooming us?!

[ALLEN4]

I have never been of the view that we need $1500.00 to make Kiaka work.  I began buying Volta aggressively when we acquired Kiaka from Randgold and that was coincident with a passage through $1,000.00 gold.  Everyone in the gold mining community was thrilled to be over $1,000.00 and we could not believe our good fortune.  Certainly, Kiaka was acquired on the basis of it being an

[Bpultra]

major break down on pog right now.. fell through all supports... Technically, February gold futures prices Thursday hit another fresh 3.5-month low. Prices are now trading below the key 200-day moving average on the daily chart, which comes in at $1,668.30 on Thursday. Serious near-term chart damage has been inflicted this week, to re-establish a 2.5-month-old downtrend on the daily bar chart

[Curvature]

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