GREY:VITFF - Post by User
Comment by
HoneyBadger77on May 09, 2024 5:29pm
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Post# 36032268
RE:Honey Badger
RE:Honey BadgerYes I'm well barringtondolby, just a bit busy these days. Thanks for asking.
My take on Q1 earnings is mainly based on the lower than expected and rather disappointing Q1 production numbers and that suggests to me that their earnings won't be stellar and AISC is likely going to be quite high in Q1. BUT the fact that GMT Capital is buying more VGCX shares suggests that they see better days ahead so I do see a glimmer of hope going forward, especially if the price of gold stays at or above today's $2350 level. RBC Q1 earnings estimate for VGCX is .08 cents and that's possible and what I'll be looking for but I wouldn't be surprised to see adjusted earnings going slightly negative.
As most here are aware, I've previously posted (back in the fall) that I don't expect much in the way of VGCX share price appreciation until the 2nd half of 2024 because this management team needs to redeem themselves with investors (retail and institutional) and to do so Q2 and Q3 production needs to come in solidly above 50K ounces in Q2 and Q3.
Tomorrow's meeting is going to be interesting and I hope as many posters here as possible can join in the conference call and bombard management with some real good questions because based on this last quarter and the lack of news,etc, these guys need a shake up.
Hopefully the earnings are released later today / tonight but if they're not great you can bet JM will hold off with the release until early AM. They won't want to give us all too much time to review them you know. We might ask more tough questions.
HB77