gold_diggers1, its easy to sign in, you just pick five stock symbols you want email notifications on. But here it is.......no mention of the insider sell bpultra posted the other day (?)
2. Volta Resources (VLTAF.PK) has a portfolio of quality gold exploration projects in Burkina Faso and Ghana, both mining-friendly West African jurisdictions with proven world-class gold deposits. Volta will focus on fast-tracking its flagship Kiaka Gold Project (NI-43-101 compliant resources include 153.26 Mt @ 0.99 g/t Au for 4,862,000 ounces in the Measured and Indicated categories and 33.74 Mt @ 0.93g/t for 1,006,000 ounces in the Inferred category including 34.38 million tonnes @ 1.04 g/t Au for 1,145,969 ounces of gold in the Proven category and 91.70 million tonnes @ 0.93 g/t Au for 2,742,353 ounces of gold in the Probable category) toward a development decision, aiming to complete a Feasibility Study in Q3, 2013. Recent acquisition of properties around the Kiaka Gold Project has provided Volta with an extensive ground position along the highly prospective Markoye Fault Corridor in an important emerging gold province.
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- Steven Poad purchased 10,000 shares on January 25, and currently holds 18,000 shares or less than 0.1% of the company. Steven Poad is Chief Financial Officer & Corporate Secretary.
- Kevin Bullock purchased 10,000 shares on January 25, and currently holds 33,000 shares or less than 0.1% of the company. Kevin Bullock is Volta's (formerly Goldcrest Resources Ltd.) founding President and has been CEO since its inception in 2003.
- Dylan Pillay purchased 70,000 shares on January 14, and currently holds 100,000 shares or less than 0.1% of the company. Dylan Pillay is Vice President, Finance.
The company reported the third-quarter financial results on November 8, with the following highlights:
| Revenue || $0 |
| Net loss || $2.9 million |
| Cash || $25.5 million |
There have been three different insiders buying and there have not been any insiders selling the shares during the past 30 days. The initial capital costs for the Kiaka Gold project are $609.7 million. The average annual gold production at Kiaka will be 340,000 ounces for 10.3 years mine life. The production start-up at Kiaka is expected in 2016. The company's current enterprise value is less than $8 per gold ounce in the ground. I have a long position in the stock currently.