Victoria Gold Corp VITFF

Just Imagine....

[HoneyBadger77]

...where VG share price would be today if the day traders would just stop grabbing pennies when there's dollars to be made here?

RBC estimates VG 2024 earnings of .69 cents a share which is very likely considerably lower than what the actual EPS will be if the gold price holds or continues to go higher from here.  At .69 cents, today's share price puts VG shares trading at a FWD PE ratio of about 10x earnings!

VG should be trading at atleast $10 bucks a share already but the day traders throwing up the 10 and 20K blocks on the sell side are just delaying the inevitable.

Oh and Kegman, you can finally get out now that VG is at $7 bucks, think that was your plan a few months ago when VG was just over $5 bucks...Lol.  Amazing whar a difference a few months make.

HB77

[kegman]

Avg is just a stone throw away.  Shorts look to be covering 2day.  Anon big buyers. I would prefer waiting a bit more, start derisking in mid to high 7s.  I have enuf HB that a cross would be necessary to get out all at once.  My traders are all gone though.  Just the core is left.  I just don't trust JM not to waste the extra cash.  Glta

[HoneyBadger77]

Well I'd like to believe that JM et'al have learned a lesson from watching the share price severely beat down this past year and how important it is to get the debt paid down and have some dry powder for a rainy day.  But VG management does seem to never cease to amaze us, so yes one never knows. The recent asset purchase did turn out to be a great buy given today's gold price

[kegman]

nexpected equipment falures / breakdowns, etc, etc the majority of which were out of management's control....No, they did not have the proper boots on the ground to run the mine.  The guy from Coeur is doing a much better job and they have admitted that.  Do not let them off the hook.  Like I said, great job finding it and building it.  Running it has been an issue. 

[givemeabreak1]

Keg They got it built but they did not do a great job building it!  As I recall, they had similar problem.  They built it on budget revised budget sort of how they hit they targets usually revised targets lol.

[HoneyBadger77]

Well it's interesting Kegman how they managed to earn $1.77 per share in 2021 with only 159K ounces production if their ground operations were such a failure as you're suggesting and the new Coeur manager wasn't even at VG at that time.  I'm not denying that the new guy isn't doing a good job but just sayin that it's not like they weren't initially making good

[Goldstock2014]

First off, we've got a major breakout above 2090. I am still seeing a lot of people trying to find reasons to doubt the breakout. Gold and Gold Stocks are at the early stages of a massive surge.