Very dissapointing day % wise gain and actually closed lower than open.
Big sellers at 17c ...2 individual 500k lots kept the price from advancing on what should have been a MUCH better day consideribg yesterdays 25% drop... and some big sell orders late .
So it begs to ask ..why are they still willingly selling at these ridicilous prices with Gold over $1000 oz One ray of hope is that someone may be capping to absorb the scared at around 16c.
We already know that the December figure was a little over 10000 oz so pressumably there will be no more bad news in the qtrly report due in a day or so.
On my watch list every other junior producer was up between 30-60% rebound after yesterdays madness .. VRE was by far the worst performer.
Still I bought more today ... simply for a producer with $10 million sales every month 16c just does not make sense.
I wonder how much resentment there was based on the fact that CH is up and running and VRE now will miss out on all those future sales.
If anyone can enlighten me as please do
VRE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
