RE:VICTORIA GOLD REPORTS PROFIT 84 CENTSTRANSTEER wrote: GOOD MORNING GUYS
just finished talking to my broker and was advised VICTORIA GOLD MADE 84CENTS
for the quarter. I assume considering it was winter conditions production will only get better with the warmer weather. STOCK SHOULD BE TRADING 10 TIMES EARNING AT LEAST.
I hope you are not paying your broker for his advice.
He forgot to mention to you Victoria Gold is nearly bankrupt, with $56M of cash on hand and $52M in accounts payable and current liabilities. Remember VGCX bagholders were diluted by $31M in 2020, without that extra dilution the gates would be closed.
How do you think that ballance sheet will look like at the end of Q1 2021? How about end of Q2 2021?
An amazing bid of 100 shares @ $12.35 is a good indicator of the high demand on this "bargain" . What a great deal, eh?
The stock price continues to perform as anticipated.
Happy investing!