Hibernation...again With the average mine grade remaining being in the .65GPT range, ore stacking will have to increase to near 2.6 mil tonnes per quarter average to make the high end of guidance, something Victoria has not been able to demonstrate to date. With only 2 MT stacked this quarter, they are already significantly behind, imo.
While I'm not sure any management team could do any better with the mining operations, there is a lot to be said about this teams ability to represent all share holders. Clearly insiders are able to prey on retail by constantly having inside information to set up huge short campaigns, while retail is not given enough information to make an informed opinion of holding long, something I plan on continuing to do. Monthly reports would do nothing to the bottom line, but would definitely help with representing the interests of all share holders equally. It takes literally seconds to send a NR. For these reasons, this management team will be reelected and their compensation packages will be warranted, at least by the insider shareholders.
Unfortunately, my rant along with Keg, HB... only help the shorters with their quest to rob from the poor-ly informed. Other than pump and dump, these chat rooms don't do much for the retail investor. Hopefully we can all pump VGCX one day and get out.
A bit of sarcasm before I go back into hibernation; If I was able to add to Victoria's news releases, I would start them all with the phrase, “Victoria is embarrassed to report...”
Wish all you retail shareholders Only the Best and Luck going forward.