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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Zincman who wrote (64964)	11/1/2006 6:56:57 PM
From: zoo york	Respond to of 312594

Hi ZM! There are about 10 times more buyers than sellers right now at the spread, so I would think the stock has more wind in the sails tomorrow. As I understand it based on my conversations with management, there was an overhang of cheap paper holding the stock back since the IPO, due to shareholders that were locked in since the stock was originally delisted many years ago. It appears that overhang is now gone, and the stock will be free to trade higher on its own merits. To see VGM reach a market cap that is more in line with the peer juniors in Mexico that are approaching production, I could see the share price in the range of about $1. The drilling work they are now doing to prove up and confirm the resource should remove most of the uncertainty about the potential to put that mine back into production. The mine itself looks to be a fairly straightforward operation with few hurdles to be resolved. So I do see the stock making a nice move higher over the next 3-6 months, as long as the market does not fall right on its ass in the meantime. cheers! COACH247 Personal disclosure: My direct travel expenses were funded to visit the mine, but I do not receive any form of compensation to post my comments. I own a small batch of shares that I bought in the market.