Victoria Gold Corp T.VGCX

$113,797,271 of liabilities in 2021

[NickelOne]

For the ones who understand financial statements, page 25 of the document (link below) indicates Victoria Gold will end up in default in 2021 or issue cheap shares (dilution) to pay for the second edition of John McConnell's book...

Accounts payable, lease liabilitiy and debt are a staggering $114M for 2021!!!

Anticipating they will never reach FS guidance for production, cash costs and AISC, a net loss is pretty much guaranteed for both Q1 and Q2 of 2021 and heading for a credit crunch in H1 of 2021.

Interesting times ahead!

https://vgcx.com/site/assets/files/6610/vit_q3_september20_mda_2020-11-12_final.pdf

GLTA

[Greatdaysahead]

This would be pathetic but difficult to have a clear view of the cash flow up to end June. Obviously, POG is a key component until issues are fixed. In terms of short term liabilities : 114M CAD within 12 months, so end September 2021. But what amount is due and when ? Composition of the 114M : 60.8M accounts payables (26.8M trade payable + 27.9M accrued liab. + 6M payroll related liab.) + 0

[OCB1234]

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[Greatdaysahead]

Assuming the worst scenario... Page 25 of the MDA shows that 114M are due within a year.. a) 61M of these 114M are "accounts payables" which I suspect to be dure in the short term. b) 52.3M are due as debt repayment. And as per MDA, the debt is paid quarterly. I assume a tranche will be paid end November. So I wanted to see what would be the situation IF accounts payable were 100

[OCB1234]

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[Austria08]

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[MVargas]

This is more of Nickel preying on the insecurities of the novice investor. I say "so what?" to $114M in liabilities in the next 12 months. Revenue is likely to be in excess of $ 400M over that period based on: Q4: 37,000 oz Q1: 20,000 oz Q2: 45,000 oz Q3: 60,000 oz Total 162,000 x $2500 = $405M

[Greatdaysahead]

Ony year cash flow forecast is fine except if POG plummets which seems not likely. The question is more if there could be a tight situation until end March 2021. So I run some numbers with a lot of conservative, worst scenario assumptions and concluded we should be fine. The sell-off is exagerated compared to the operational issues being fixed. But I do believe it has more to do with the

[MVargas]

Yes of course 20K for Q1 2021 is a guess but an educated and probably quite conservative one. This is from a post I made on October 15: Using the company's numbers for the first 9 months of 2020, there have been 138,000 oz. placed on the HLP to date.  Using a recovery rate of 76% means that there are/were 105,000 recoverable ounces.  Of that number, 66,000 ounces have been

[Greatdaysahead]

Thanks for the explanations and time spent for that ! Yes, well-noted to always to take into account the time between the ore stacked on pad and the production and sale of the Gold ounces.  

[OCB1234]

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[OCB1234]

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[OCB1234]

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[pickintowin]

If they can't get this back on the right track in the mid term , one way or another way a forsale sign will be coming.

[MVargas]

There won't be a forsale sign, but one can't discount the possibility of a predatory takeover bid. This would be a good time for anyone looking to do so to aggressively short the stock.  By far most of the selling today and the past few days is being done "Anonymously". As Rick Rule likes to say "if investors don't pay up for a company's (undervalued) stock

[Whateverrr]

Insider buying ?  By whom !!!???  You and OCD for years constantly crowed how amazing Sean Roosen and Osisko were and their participation in VG stock yet when he/they sold it all and smartly kept the royalty you said notning.  Did not question, "gosh, this guy is our hero/guru and now he is selling COMPLETELY out, that is concerning"  NOPE you said nothing and that is

[OCB1234]

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[Whateverrr]

Management and Directors have bought essentially ZERO in the open market.  They will be fine with the large salaries and stock compensation packages.  They are not like you owning 100% of your money in just VG stock since 2007.   GLTA  right MVargas, etc ?

[OCB1234]

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