Not sure how long this Presentation has been posted on VGCX website so for those who haven't seen this yet.
Victoria Gold Corp. | Corporate Presentation (vgcx.com) Page 13 - Raven drill results highlights don't look too bad when you see them all together.
Page 14 references the tax synergy from the Acquisition of Sabre Gold's Yukon Assets. In a recent video interview John mentioned that VGCX corporate tax rate is about 27% so applying the $44 mil in Capital Losses that came with the Sabre deal against $44 mil of VGCX Q3 Capital Gains will offset VGCX net tax payable by about $11 mil. Regardless whether VGCX choses to apply the entire $44 mil Capital Loss (or only a portion) toward 2023 Q3 Capital Gains, the result should be a much better Q3 result than shareholders are anticipating. Given the anticipated lower Q3 net profit per share due to lower production and lower grade ore stacked on the pad, applying this tax strategy in Q3 would make sense but then who knows, they may decide to wait until year end and apply it then. Either way, this $11 mil net back in tax essentially pays for the Sabre assets acquisition so that was a good move.
Page 15 - Institutional Shareholders appear relatively the same. Recent SEDAR search didn't show any filings that would concern me.
Page 16 - indicates we can expect Q3 AISC to be near the high end of guidance.
Page 18 - indicates a Forward Gold Sales Loss of $2 mil CAD for the period ending Sep 30th, 2023 (9 months of 2023) offset by a $1.6 mil CAD gain realized from Currency Forward Sale and Interest Rate - Fixed for Floating Swap. This strategy helped reduce the $2mil loss to $400K CAD.
The Q3 financials should be out this week. Based on the charts and technicals, unless we get a negative earnings surprise, in my opinion we should finally be near bottoming at today's share price.
HB77