GREY:VITFF - Post by User
Comment by
Gambler8888on Sep 14, 2021 10:07pm
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Post# 33859870
RE:RE:RE:RE:Status Quo is the mantra from the CEO.
RE:RE:RE:RE:Status Quo is the mantra from the CEO.Yeah, that is the problem. I don't think JM is a liar, he just drank his own kool aid and over promises over and over.
case 1, KL is a core holding of mine over 2021 and I got in at a price on the low 50's. KL has outperformed operationally and although the price has yet to pop, I feel very comfortable holding it because I trust management and can wait for market to realize KL's NAV.
Case 2 with vgcx, I have traded around it since H2 2020, and I am up big (almost a double on my original 2020 investment) so that I have a free ride on my remaining "core" position in vgcx...but I think operationally, they could screw up at anytime and the share price would tank to the 12 handle again. If JM just guided reasonably for 2021 (170-180 k oz at aisc around 1100) with growth to 220koz instead of project 250k oz, then this would be a 18-19 stock with support at $16-17 and room for multiple expansion when price of gold moves.
but JM is like mr bean, and the stock is as volatile as a rollercoaster...with more lawsuits to come if there is no buyout offer soon (because of JMs public promise)