VGCX Retail Ownership at 57%Well Kegman, apparently as of Jan 15th, 2024 retail investors held / hold 57% of VGCX shares and according to the link below, retail shareholders have more control over the VGCX board than the Institutional holders so here's your chance to lead the ousting of JM and get things turned around at Victoria. Of course that would likely not go over too well with the larger instituional holders who at even the hint of a retail investor coo would likely commence dumping their shares and drive Victoria's stock price even lower than it already is.
Or, how about we just continue to watch for continued progress over the next few quarters and see if management really is on track toward improving things. Who knows, by then even the Fed might know what their doing with interest rates.
My take on this is that despite the high percentage of retail ownership, GMT Capital will decide if and when it's time for Victoria shares to move up (or down further). I am quite certain that GMT Capital is in very close contact with JM et'al these days and knows exactly what's going on at Victoria while the retail investor majority is left wondering (nothing new here).
Retail investors account for 57% of Victoria Gold Corp.'s (TSE:VGCX) ownership, while institutions account for 31% (yahoo.com) I posted in Q4 that it is going to take a few quarters of positive results to confirm that this thing is turning around and my view on this hasn't changed. I'm not expecting much in Q1 based on comments made at the recent conference call but do expect Q2 and Q3 results to show incrimental improvement and with it an improvement in share price. The Raven report expected in March / April may provide a catalyst.
My opinion only, DYODD.
HB77