Club Mulgoa

Monday, August 20, 2012

VKA

My brother reminded me of the VKA rights last week.  At 10c, there was no advantage other than the free options attached.  However, this is one of the cheapest gold explorers in the market based on EV/ozAu valuation.  But it isn't a producer, so the market is not interested in it.

By the end of the day, there is obvious market manipulation to get it over the 10c market to get hesitant investors like me to fold me.  I did but mostly because it was cheap.  But if the share price fell, then I was going to buy a small top-up parcel on the market.

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