GREY:VITFF - Post by User
Comment by
MVargason Dec 18, 2021 1:02am
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Post# 34242918
RE:RE:RE:RE:RE:RE:Victoria Provides 2021 Revised Guidance
RE:RE:RE:RE:RE:RE:Victoria Provides 2021 Revised GuidanceOCB1234 wrote: Thank goodness McConnell & his hand-picked board have both the Shareholder Rights Plan and the NCIB in their backpockets so they won't have to 'blink' like you just did.
Are these the same backpockets that contained multiple takeout offers from majors when John was at the Denver Gold Show, LOL?
$20/share is a 35% premium to today's closing price and who is going to pay that without some additional resources supported by actual drill results? If you are hoping for a bid from Barrick, they are on the record for opposing takeover premiums. They wouldn't do it for RanGold, Kickland and Great Bear and they won't do it for Victoria.
The NCIB is a joke. The only shares that Victoria are buying are Banyan shares.
With more competent management the share price would be much higher. I'd imagine that the fund that bought the Orion shares are already experiencing "buyers remorse". It appears that VanEck sees better opportunities as well.
I didn't just "blink". I still have a considerable share position, but I've also taken considerable profits this year at much higher prices. I know for you this is the only game in town, but there are other opportunities out there with much better management.