Heartening to see some good buying late (on good volume) to close on/at it's opening price.
Selling side is the thinnest I've seen in a long time, with buying side displaying constant support, and consistent numbers.
With just a hint of good news(and there's plenty to come IMO), VRE will run hard very quickly - given its current
'undervalued' status, and the now extreme likelihood that the Gold Price is going to go through the roof over the course of the year, and into 2009.
VRE remain 'inflation-proof' to a large degree, due to the hedged diesel requirements for all mining and infrastructure operations for 2008.
Unhedged, Debt-Free, Cashed-up, Sound Reserves, High growth potential, Solid and profitable revenue's moving forward and certainly not directly or indirectly exposed to recent market issues/concerns - the upside is quite obviously high and the risks are now very low IMO.
Added to the portfolio today, and fully expect to see 'Green' here for a long time to come - now that this week is behind us. I for one certainly made the most of it,
not touching the buy button until today.
VRE - The right time, the right place, the right commodity
............ and certainly judging by this weeks events,
the right decision's made for the time.
wrxsti
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