VLE.TO/PNWRF - Sure has been taking hits with the worsening geopolitical conditions in Turkey. I'll bet Baille Gifford is kicking themself given their $60m investment is only worth a little more than half than at the time of their private placement.
Reading speculation over at InvestorVillage board and the sentiment seems to be that the Yam-1 test results probably won't be anything to write home about and might cause further deterioration of the SP leading into the Ini-1 drilling & results which we won't get until late Q4.
This is quite a large position for me. Aside from the geopolitical goings ons nothing else has materially changed. Was happy to see some more insider buying by Sean and I think a VP.
An analyst, Joseph Schnatter, has expressed his opinion online that Valeura is only a good value under CAD $2.00 which also hasn't helped the SP either.
Holding my chits and hoping for a homerun here. Would have been nice to wait until around now to start buying but as they say about 20/20 hindsight....
Where powers are assumed which have not been delegated, a nullification of the act is the rightful remedy: that every State has a natural right [...] to nullify of their own authority - Thomas Jefferson