GREY:VITFF - Post by User
Comment by
Greatdaysaheadon Dec 24, 2021 6:48am
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Post# 34260277
RE:ROE (last metric, I promise)
RE:ROE (last metric, I promise) another proof of how poorly they are selling the story.
And I am not going to buy any shares at these too low prices.. not selling, not buying.. wait and see until explorations results.
Why.. because he has been bullish about the exploration program.. selling it for months.. as he was bullish a few days ago about meeting the guidance when he knew there were issues...
So I lost confidence.
Having said that and taking apart my frustration, I listened again to to the 25th November interview with Commodity TV.
1) divididend and shares buyback : not until 1Q 2022
2) a good idea of who bought Orions shares
3) But I am still unhappy with his misleading quotes about meeting the guidance...
https://www.youtube.com/watch?v=oLZm4d0y-M4
min 5.02 about the use of cash
"other options for free cash flow of paying a dividend or doing some share buyback. We'll be looking hard at both of those in 1h 2022"
min 6.35 about who bought Orions shares
"we don't know who it went to but we suspect it's a large US based precious metals fund that had been doing a lot of due diligence on Victoria.
min 7.20 : "from retail owning 80% to institions now owning more thant 60% of our shares"
min 08:10 about meeting production guidance
"we are still guiding 180000 to 200 but it will be closer to the 180. the fourth quarter is going reasonably well, we're not having the banner stacking time that we did in the third quarter...."; "it's still going well a November is a great month to date so I expect we'l have a good quarter"