Victoria Gold: A Solid Buy-The-Dip CandidateThink someone mentioned this SA article a few days ago but only posted exceprts.
Here's the link
Victoria Gold: A Solid Buy-The-Dip Candidate (TSX:VGCX:CA) | Seeking Alpha and if it opens properly you should be able to read all or at least most of it:
Not sure how many here are aware of or follow the Author Taylor Dart but this young guy does his homework and his thoughts are worth paying attention to. He wrote an article that was quite bearish on VGCX and the share price fell shortly thereafter and since he's now turned bullish on this stock, albeit says next year will be much better, it's time to pay heed.
Today's lack of meaningful upward share price movement with a $30 move up in gold earlier this morning just shows and confirms that VG is in a 'Show Me Mode'. As postive news develops, the share price will move up accordingly. Unfortunately, it appears VG management believes it is appropriate to not report anything that's going on with Operations for over 30 days now. This is mind boggling to me and defies logic. No news about the Flow-Through Shares issuance, no news about the Raven update, no news about Q1 production numbers, no news about the upcoming Annual Shareholders meeting, etc, etc. EARTH to VG Management, you have retail shareholders out here! Apparently there's no news worth reporting or is there? Hmmmm, looks like I may need to give JM a phone call, it's been awhile.
As I've said before, I'm not expecting this stock to move up meaningfully until at least the second half of this year until we get clarity on production numbers and EPS.
In the meantime, the short sellers and day traders will continue to bat this thing around grabbing the pennies were they can.
My opinion only, please DYODD.
HB77