Post by
ALLEN4 on Jul 12, 2013 11:07am
For those who view the news in a negative light
Aren't your comments already built into a share price that has fallen below a dollar. How much lower do you need the share price to drop before you feel it is reflective of your negative outlook for the company? I guess in the case of Venturetrader it needs to go to zero. However, for others who are disappointed with current market and company situation, fair enough, but surely the company has value well beyond a $25 million market cap. My investment in Volta is largely based on experienced management and in my view today's announced response to current market environment is an indication that management is proceeding responsibly and that we are in good hands. Anyone who believes that the current market environment will never change and that large gold deposits with 1 gram per ton grading will never be developed, are in for a surprise in my view.
Comment by
explorer14 on Jul 12, 2013 11:43am
Scary times indeed but we have already been in a situation like this, even worst in the fall of 2008.
VTR was trading below $0,10 without Kiaka. I remember, the situation was desperate.
The only thing we need now is a reversal in the POG & I beleive it will come soon.
Comment by
VentureTrader1 on Jul 12, 2013 11:47am
The problem is that even if the price of gold reverses significantly, Volta has no exciting new prospect to catch the market's speculative fancy. It's the washed-up has been that will be eclipsed by the new stories that will be pumped into the next upleg in the gold bull market, whenever that occurs.