I'm not sure if I agree with you Stockman. This was a great company with huge potential; now that the report has been returned and they don't even know if it would be profitable to mine???? I can't really say that there is much left here. Yea, yea, they could always maybe find gold somewhere else....but this is really what we were all waiting on.
Now, it's going to be a much longer wait. There won't be an outside investor with $5MM, there won't be gold coming out of the ground anytime soon, there won't be an reason for another company to buy VIPR.
However, there will be more selling all week long, there will be the availability for the company to start dumping shares in a couple of weeks, there will be a new PPS bottom, and there might be a share restructure so that they can finance future exploration.
In the meantime, and the short horizon (weeks, months), this stock will go down into the triple zeros, maybe even the low triples....
I wish it weren't so, there was so much upside potential.
I wouldn't touch this stock again until the company at least comes up with a plan. Think about it, their PR yesterday didn't even provide direction (they don't know what they are going to do). Until then, the PPS goes down.....
GLTA
AI
