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The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.

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Message: Haywood's Block is Done!

Haywood's Block is Done!

posted on Sep 08, 2008 09:17AM

Chad informed me that he was told that the Haywood block trade has been completed - no more forces selling by the hedge fund! With today's great drilling news, it's hard to believe that there are many sellers still out there - at least at today's prices. I would now expect bids to start accumulating for this stock and the sellers to back off. If you want to buy this stock now, your going to have to pay the asking price, and there is just not going to be much stock offered for sale - perhaps a few thousand shares offered at progressively higher and higher prices. IMO, when VIT's merger is pretty much finalized - target date Sep 22nd - it is going to be increasingly difficult to buy this stock in size without moving the stock higher. Great to see the beginning of a "sea of change".

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