RE:Victoria Provides 2021 Revised Guidance How could he lie to us in the last videos when he knew already that there was delays..
They had to already knew there were delays early November but no mention.. This is just so disappointing again in terms of communications.
What a bad governance imo.
A delay in the production cycle could happen. Not a big deal now that the Company has a nice positive cash flow BUT a delay in communicating is just hurting the little investors (as I am sure, the big one have the information).
I was already pissed off last year when they did the same kind of poor news flow management.
Guess what.. They will PR some drill result withing a few days as a weak solution to divert the attention.
And in terms of numbers.. when he was stating that October was a great month... What a miss it must be for Nov and December....
10% below 180K.. is 162K.. so 3Q production expected at 47K with October around 20K (if not 20K, he could not say it was a great October month in one of the video)...Just mind-boggling !
I will not sell at these levels as the long term story has not changed. But should we gain some dollars in the 1st Q 2022, I will be decreasing substantially my position and move forward...
Trust is a red line for me.,