GREY:VITFF - Post by User
Comment by
HoneyBadger77on Apr 01, 2024 2:51pm
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Post# 35963407
RE:RE:Just Imagine....
RE:RE:Just Imagine....Well I'd like to believe that JM et'al have learned a lesson from watching the share price severely beat down this past year and how important it is to get the debt paid down and have some dry powder for a rainy day. But VG management does seem to never cease to amaze us, so yes one never knows.
The recent asset purchase did turn out to be a great buy given today's gold price and they essentially stole those assets so every once and awhile things do turn out in their favour. At the time though many here had their backs up as to why they would be spending money on assets purchases when there was plenty of debt to pay down.
In all fairness though, these last couple years haven't been without challenges for VG management and shareholders given COVID, Wildfires, Interest Rate increases, a Rapid Inflation Increase driving AISC higher, Unexpected equipment falures / breakdowns, etc, etc the majority of which were out of management's control. But It does seem now like things are finally turning around for the better and a couple of more good quarters and some serious debt repayment and we'll be looking at a whole different story here. As someone posted earlier today, let's just hope they haven't done more hedging and/or forward gold sales prior to the latest gold price run up that they've yet to share with us.
HB77