GREY:VITFF - Post by User
Comment by
HoneyBadger77on Apr 02, 2024 12:05pm
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Post# 35965337
RE:RE:RE:RE:RE:RE:RE:Level 2 Quote
RE:RE:RE:RE:RE:RE:RE:Level 2 QuoteYes the big block is gone, for now. Looks like UBS was hoping by throwing up a large block bid to retail that the retail investors holding larger blocks of shares might take that as an opportuinity to get out of VG. Well apparently that didn't work too well so they've backed off and instead of buying a big block like that at market and driving VG shareprice to $10 bucks or higher in a blink, they'll just keep chipping away.
As I posted yesterday, RBC's current EPS estimate for VG in 2024 of .69 cents is way too low at these gold prices and a $600 US an ounce margin and if the price of gold holds here or goes higher VG is going way way higher and UBS knows it.
HB77