Victoria Gold Corp VITFF

The right hand does not know what the left hand is doing

[phoenix_trader]

BMO and CIBC on Mar 25th said:

BMO – Q4/21 In Line: 2022 Guidance Below Expectations
CIBC – Q4/21 Earnings Beat, But 2022 Outlook Guidance Below Expectations

But today's March presentation states on P.3

Targeting 20% production growth in each of 2022 and 2023 to reach production of 250,000 ounces/year Achieved over 40% production growth in 2021

The MD&A  dated Mar 24th on P. 8 states:

Production at the Eagle Gold Mine for 2022 is estimated to be between 165,000 and 190,000 ounces.

165k (the low end estimate) is the same as 2021 actual.  

No wonder the market and analysts are confused, what message is our management team sending?

[phoenix_trader]

CIBC quotes the MD&A in the Mar. 25th research update: The company also reported 2022 production and cost guidance of 165koz-190koz at US$1,225-US$1,425/oz AISC, missing our previous 2022 estimates of 207koz gold production at US$1,006/oz AISC. Both sustaining and development capex also came in above our previous estimates. Despite the quarterly results being a beat, we expect that the lower

[OCB1234]

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[kegman]

Another example on why we need a professional IR guy. Mike dropped.

[justus434]

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[MVargas]

How about this statement from the earnings news release: Free cash flow1 was $31.1 million, or $0.50 per share1 in the quarter. Free cash flow1 was $26.8 million, or of $0.43 per share1 for the year. This says that free cash flow was negative for the first 3 quarters of 2021.

[OCB1234]

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[MVargas]

You are obviously missing my point which was the reporting ineptness. Cash flow was not negative for the first 3 quarters.

[OCB1234]

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[Pete1986]

Guys, lets start an initiative to get John kicked out. As long as he is running the company, this will happens with each release of financial results.