Ventana Gold Corp (VEN.to) is one of those stocks you kick yourself about. Two weeks ago I noted a big move on news it had secured more concession space at its main project that sits right next door to Greystar in NW Colombia. I had a look at its fundies and liked what I saw (prospective land, good mgmt team, low share count, tightly held stock etc etc). But being the whuss that I am hardly said a thing to anyone and then just watched it glide to 50c or so without buying or anything.
But today the irritation of not buying in those low 40s has just turned into outright “DOH!” material. Check out this PR released a few minutes ago that has these drill returns as part of the print:
-------------------------------------------------------------------- INTERVAL Au DRILL HOLE NO. FROM (metres) TO (metres) (metres) (grams/tonne) -------------------------------------------------------------------- La Bodega Zone -------------------------------------------------------------------- DDH-08-LB-070 60.65 80.00 19.35 2.32 and 130.20 132.30 2.10 27.65 -------------------------------------------------------------------- DDH-08-LB-072 45.00 73.00 28.00 2.37 and 94.00 155.00 61.00 3.16 -------------------------------------------------------------------- DDH-06-LB-074 60.00 79.25 19.25 2.88 -------------------------------------------------------------------- DDH-07-LB-076 36.00 61.00 25.00 1.82 and 73.00 74.00 1.00 27.79 and 81.25 94.00 12.75 34.62 -------------------------------------------------------------------- La Mascota Zone -------------------------------------------------------------------- DDH-07-LB-073 85.40 100.00 14.60 7.46 and 107.00 122.45 15.45 3.86 -------------------------------------------------------------------- DDH-06-LB-077 36.00 38.00 2.00 26.29 and 133.00 154.00 21.00 6.20 -------------------------------------------------------------------- Las Mercedes Zone -------------------------------------------------------------------- DDH-08-LB-068 116.00 154.00 38.00 2.41 and 167.00 183.00 16.00 6.19 --------------------------------------------------------------------
Truly I say unto you, that’s some good shit just returned. Now check out the intraday price chart, and take a wild guess as to the exact moment that PR was released.
There’s a new Colombian gold play on the block and its ticker is VEN.to. Twelve metres of 1.1 ounce per tonne gold? This thing is going higher.