Hopefully bottoming out I think these factors will hopefully keep the price from going down much further and we don't have to wait years for VGCX fundamentals to be appreciated: POG should go up in 2021, Raven not in current assessment and it will be appreciated that so few mines can reap something so close to the main operation in the near term. Safe jurisdiction premium rising in near term. M&A is predicted to heat up in near term. The company is already making money now and paying down debt quickly. They stacked a bunch they didn't process and sell this quarter, inflating ASIC. Covid also inflated AISC and a vaccine should be here sometime Q2. BMO and CIBC recently buying is a vote of confidence for a higher share price than $17 based on numbers they looked at that really have not changed when we dig into the recent setbacks. IMHO VGCX is a safer bet just starting a 10+year run than one of the majors with diversified international operations. Both Reuters and Morningstar currently see the SP as undervalued. VGCX is like buying physical gold security with a gold stock upside from here. Orion selling shares... yeah it could affect things negative Q1 if they do a ton more. But between them and Sun Valley, the stock has reasonably reabsorbed quite a bit this year.
I don't see the recent report as excuses. It's a brand new mine and some kinks are to be expected. They've actually done well overall with ramping up, plus they had to deal with Covid.
:) that's my bullish case as I stare at the results of Friday's massacre, and hold steady.