Victoria Gold Corp VITFF

VICTORIA GOLD REPORTS PROFIT 84 CENTS

[TRANSTEER]

GOOD MORNING GUYS
just finished talking to my broker and was advised VICTORIA GOLD MADE 84CENTS
for the quarter. I assume considering it was winter conditions production will only get better with the warmer weather. STOCK SHOULD BE TRADING 10 TIMES EARNING AT LEAST.

[OCB1234]

This post has been removed in accordance with Community Policy

[bajanjohn]

Even at 5 times earning it should be closer to $16

[Greatdaysahead]

The quarterly earning per share will be impacted by the "seasonality" of the produciton. So I am not sure if we can extrapolate from the 4q 0.84 ct/shares. Exchange rate could impact the reserve valuation as well. But we are moving away from the worst and more risky period. From now until September, I expect happy shareholders here. Will see what the conference brings. Share price

[steve55]

why is it trading so low? How much it should be?

[NickelOne]

I hope you are not paying your broker for his advice. He forgot to mention to you Victoria Gold is nearly bankrupt, with $56M of cash on hand and $52M in accounts payable and current liabilities. Remember VGCX bagholders were diluted by $31M in 2020, without that extra dilution the gates would be closed. How do you think that ballance sheet will look like at the end of Q1 2021?  How about

[wolfe1]

I liked it much better priced 6-7 years ago, will look at buying again if it get back to those levels

[OCB1234]

This post has been removed in accordance with Community Policy