Victoria Gold Corp T.VGCX

RE:RE:RE:New here

[Whateverrr]

A quick view of old posts promptly reviews who are cheerleaders basing hope and dreams as their investment thesis versus those who take a clean look without bias and  choking on company narratives and forward thinking comment which don't turn out to be true.

Whateverrr wrote: Teclis,  Definitely take the post by NIckel below in to your serious investment strategy.  You can easily go back 6 months or a year on each persons  profile post history to see what they had said then and what came to be true.  Nickel was highly accurate, more so then myself and a select few others who also pinned  as saw all the troubles that the company is now experiencing and are not easy fixes. 
And you can also go back and look at 6 month old posts by OCB12345, Phoenix and MVargas and draw your own conculsions.
GL on your investments and if you choose to invest here as well.
If the stock price drops enough it surely can be a nice value proposition but the stock has probably not hit it yet, imo.

NickelOne wrote:

Before buying VGCX give some tought to following:

1. Productivity goes down, costs go up during the winter months. Winter is in full swing in Yukon and it lasts 6 months.
2. VGCX raised $55M in 2020, they have $40M of cash left on hand. Accounts payable and debt payments over the next 6 months require additional funding. They will more than likely issue some cheap shares at $7-$8/share early 2021 to keep the doors open.
3. VGCX will never reach FS targets. They missed by a very large margin all key deliverables this year (ore mined, waste mined, gold produced, cash costs, AISC). Best case scenario is 60-70% of FS numbers, which amounts 160,000 oz of gold/year
4. 60,000 oz of 2021 gold production is hedged (a hedge investing community calls the "dumbest hedge of the century"). Lower gold production, higher costs, very little upside from a higher gold price make VGCX a liability for any smart investor. They just don't cath falling knives, they got out well before Orion started unloading...
5. It just happens that mining equipment wears out - they reached mediocre production results in 2020 with brand new equipment. The problems with the chutes and liners wear will not go away, the secondary and tertiary crushing are and will continue to be bottlenecks for as long as they keep the doors open.
6. John did an amazing job promoting his book this year. Now John is waiting for Murphy...(the ones who have been around for years know what Murphy is about - John is not taking responsibility for anything that goes wrong at the mine, it is Murphy's fault). John does not realize Murphy never left site...
7. Mediocre performance shows how much of an amateur John is when it comes to running a mining operation. John covered himself with a very nice "exit package", which will be paid by the shareholders soon.

Happy investing!