I still can't understand why vcn is so cheap. I bought some at 12c and going to try to buy some more tomorrow at 12.5 if lucky. URL can issue another billion shares if they want and they still will be cheap if they can get their resource going. They've got $6.5bil in the ground. It requires a lot of capital investment to get it out and the debt is hard to come by these days. URL can be another FMG if they can get the infrastructure going. They've been trying for so many years. Merger between small players can give some chance. Potential is huge. Obsticles are even bigger. Maybe some chinese involvement could help. Anyway, VCN chart looks very promising. Considering volume this week, move to 20c should not be ruled out.
VCN Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held