RE:RE:RE:RE:RE:RE:RE:RE:2023 VGCX Revised Production Guidance - Misguided? Gold up over $60.00 today and yet VGCX can't even break past the $6.15 daily high on Oct 11th? Looks like it's time to revisit my previous post and rethink the questions.
I've been trying to confirm whether Coeur Mining still owns the over 6 million shares of VGCX that is still showing on the Market Screener website today
Victoria Gold Corp. : Shareholders Board Members Managers and Company Profile | CA92625W5072 | MarketScreener I've sent e-mails and called Couer Mining multiple times since my initial post and no one has got back to me. Called again today and left a VM so who knows.
I sent JM an e-mail (2 weeks ago) asking him if Coeur is stil VGCX's second largest shareholder and if so why they are not listed in the September Investor Presentation on VGCX website. Was this an oversight or intentional? Either way, why would this important info not be included in the presentation? Perhaps showing Coeur share ownership just below GMT Capital (a hedge fund) ownership as the 2 largest shareholders might make it more obvious that Coeur is still interested in a takeover of Victoria? JM has not replied to me either so I e-mailed him again today...no reply yet.
So we all keep wondering why VGCX share price is so out of whack from the average Analyst price target of over $16.00 with gold nearing $1950 US and a $60 rise in gold price today.
I am seriously considering contacting the SEC to have them look into VGCX share trading activity and maybe they can explain how a company with a consortium of banking analysts have an average 12 month target price of over $16 or a market cap of over $1 billion yet the shares can't seem to get much past $6.00 or $400 million market cap at $1950 gold.
So the question is who benefits from a low share price and the answer seems pretty clear to me....it benefits someone who is trying to do a VGCX takeover at a screaming buy price. Someone who could use VGCX 2024 and 2025 significant cash flows! And just who do you think that might be? Something smells here and since retail now owns about 56% of VGCX outstanding shares, we need to get to the bottom of it.
My opinion - DYODD.
HB77