Welcome To The VIT Chat Board

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

Free
Message: Gov Rescue Plan May Benefit Jr Exploration/Developm... Co's

Gov Rescue Plan May Benefit Jr Exploration/Developm... Co's

posted on Sep 19, 2008 05:30AM
IMO, the worldwide credit freeze-up has been a major factor in the year long decline in the TVX Venture Stock Exchange that is mostly composed of junior exploration/development companies including Victoria Gold. The major concern for junior exploration companies has been their fear that financing would be unavailable to to drill or complete their projects. If the US Government Rescue plan helps alleviate the freeze-up in credit, there is a good chance that junior exploration type investors perception of credit freeze-up risk may ameliorate. Another factor that may also improve market sentiment toward junior exploration companies is an apparent attempt by the SEC to crack down on naked short selling and illegal manipulative short sales designed to push down the prices of many stocks including junior exploration/development companies. IMO, any improvement in investor's perceptions of risk related to credit freeze ups and/or naked short selling will have a dramatic positive impact on the price of junior exploration/development companies.
Share
New Message
Please login to post a reply