Stock is right back where it was prior to its stellar drilling results in Dec 2007. In December, prior to the news announcement, VIT was selling in the mid .70's. The drilling news on Dec 11 drove the price up to an intraday high of $1.60 - and this happened before a big up move in gold prices. Then we had additional positive drilling news in Feb; although the reports weren't as robust as the drilling results in December. It is as if there was no positive news at all for this company over the past six months. Here is a perfect case where the market, at this point, hasn't factored in any positive developments in this company or any anticipation of favorable drilling news over the next month or so. Selling volume has been well below average trading volume indicating that few investors have thrown in the towel, but the fact remains that with few buyers stepping up to the plate, even a small amount of stock for sale can significantly force the stock down in price. Since the fundamentals for this company haven't changed one iota or for the long-term outlook for higher gold bullion prices, IMO, investors should be scaling into additional shares.
Investing in Junior Mining Companies is a high-risk, high reward proposition and you must take full responsibility for your own actions because there is always the possibility of losing all or a portion of your investment capital.
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