Victoria Gold Corp VITFF

RE:RE:Victoria Provides 2021 Revised Guidance

[drjill]

Agreed that this does not change long term outlook for sp. However, this ‘lie’ of omission is perceived as the deception it is by investors, especially retail. Most likely the intent was to not mention it earlier with the hope that the new drip lines would arrive in time to avoid any material change in production. Why spook the investors and deliver bad news if the problem isn’t that substantial?  This might have been the gamble they decided to take.  In my opinion it speaks to the navet of those in charge in terms of their understanding of psychology of perception.Better to forewarn and possibly deliver good news of a problem averted - and in the process make yourself look competent - than to be seen as deceitful. The fact that they seem to have tried to hide this speaks to a basic understanding that it would be perceived negatively and they wanted to avoid repercussions. This just makes it more disconcerting that they took that risk - ie it’s not that they didn’t ‘care’ about the impact the news would have - rather they did care but they still used a damaging strategy!  

I understand the likely decision making process but believe that this group - John and whomever is providing guidance about PR - are highly unskilled at reading the room. Not only that , it doesn’t  instill much confidence that they seem unable to learn from their previous mistakes. They may be good at getting a mine up but they fail at the communications strategy.