Good reply Stan, I for one did my research and then invested for the long term when it was still Moz, based on the size and position of their deposit, and I certainly have a lot more than 250K invested.
Would I do it again, of course not, I would be buying right now though, but I buy these stocks knowing they are not a certainty and unfortunately I do not have a crystal ball.
Do I think Volt will make it, yes, I am pretty confident it will, but demand has to be there, sadly I think we are still 12 months to 2 years away from strong demand, if Sleepy Joe gets in and they keep the promise of the multi trillion dollar green campaign, you bet, might break the country, but it will help make Volt shareholders all rich!
Sadly for VRC and all graphite stocks Donald won the election and rebooted the oil and gas in the US, that put demand back somewhat and no one on here has ever recognised that fact, do not take that as a political statement in any way and if there is anyone on here with DTS, don’t bother with your BS please!!!!
Not every company has a “Kabunga” behind it, he will definitely not let this company slip out the back door, this play into gold beside PDI while we await our graphite development was a good move, that area is rich with gold and I am very confident there will be some very interesting drilling results, shame about Liuri but they were scamsters, sadly for us, but management were trying to do the right thing for the company to expose us to a vibrant sector with strength at the moment.
Sadly there are a lot of people on here that would be losing money and getting very frustrated, well let me tell you one of my biggest success’s, I bought a little gas share in the early 2000’s for 18c, a million of them, they slowly pulled back to under 6c and my broker advised me to sell, I doubled up on them and more. I heard all the same arguments and negativity from HC posters, 6 years later Santos took them out for 94c. Not saying that’s going to happen with VRC, but they do have a proven deposit that has strong possibilities of delivering and after a few dry gullies since, except my exposure to gold via AUC, I am still holding on the back of Bunyu and Kabunga, all IMHO of course!
And as many a wise investor knows, do not put all your eggs in one basket, only put in what you can afford and when you buy a developing junior miner, make sure they have a strong developing deposit, and to allow for at least 6 to 8 years for an exit, which in most cases with junior stocks, can be many multiples entry point if they are successful.
Don’t tend to post much these days, but that’s my two bobs worth for what it’s worth as a long term holder!
ALH.
VRC Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
(20min delay)