Victoria Gold Corp VITFF

Market cap normalization

[DonaldDDukc]

As you have seen VGCX is raising rapidly, outpacing major gold miners like ABX. It is possible VGCX is catching up to its market to normal market rating. 
If VGCX is normal, we should be looking at 10 bucks a share before the recent gold price jump.
Factor in the gold jump , we should be looking at 14 bucks at least. 
Since Fed is going to lower their rates, a lot is on the horizone. but it may not be a good thing for most of North Americans. It is how our government flushes debt.

[kegman]

The gold in the ground has value.  The constant over promising and under delivering and then the subsequent lack of transparency by management is what lead the stock down and then the 'partners' shorted the he!! out of it.  Waiting for short report today and that won't even show the last few days this week.  I agree, we were a $8-$10 stock.  Market said no though

[kegman]

Security Company Name Listing Market Short Sale Trades % Total Trades Short Traded Volume % Total Traded Volume Short Traded Value % Total Traded Value VGCX VICTORIA GOLD CORP. J TSX 2245 19.602 617893 23.796 3885666 23.778 SSo for two weeks 20% of all

[Research67]

I listened to the recording of the annual financial report conference call; during the question portion, the analyst from Sprott asked if Victoria would be putting a NCIB in play, to which John replied, he had had that question put to him several times from Sprott, indicating to me, that Sprott thought Victoria was grossly undervalued and should attempt to do something about it. Victoria Gold

[HoneyBadger77]

The only circumstance that I would support share buybacks would be if it was needed to grab / block the shares the shorters might need to cover a short position and put the shorters on alert that they can no longer control the share price. Other than that, what good would it do to buy back a mere 3 or 4 million shares on a 66.5 million shares float?  That 3 to 4 million shares would cost $24

[DonaldDDukc]

Dump or not to dump. I dont know what to do today. The sale volume is huge today. but the price didnt increase. Typially that means the game has ran out of momentum? but the gold price has gone but so much that it kind of says of it is a different climate. when it is 2250 Iaim like oh we will have some correction to 2000 before it jumps up but it went to 2320 last night. WTF????? Apparently I was

[DonaldDDukc]

There are not going to be any big shorters. Gold is going up and VGCX is undervalued terribly. You short this guy for big block long term. you are crazy.  You can still short this thing for perhaps 10000 shares for 10 cents drop well you then make 1k for each ride but when it jumps 40 cents, all your hard work just vanishes. It is not hard to make a couple more 30cents days. 

[MVargas]

No second thoughts Kegman. Nothing has changed except the POG which floats all boats.  I sold my last 29,500 shares last Sept at an avg price of $5.73 and used the proceeds to purchase 300,000 shares of MOZ which has since doubled. In 2023 VG produced 166,730 oz at an AISC of US$1488 and a realized price of $1,929 - a margin of US$441/oz.  Total debt decreased by a mere C$10.8 million

[HoneyBadger77]

Thank you for your thoughts MVargas.  I'm always interested to get your perspective on VG. And as you know I will always do my own due diligence to confirm or counter your thoughts with no disrespect intended.  So here's my thoughts: Regarding your comment:  For every US$100 increase in margin between POG and 2024 AISC, net additional after tax cash flow is ~C$18

[Human7]

$2200 average POG for the year is indeed a very safe guess. We're already at $2300 starting the 2nd quarter and the trend is up not down. I agree about the debt. It's not some big shadow at this point. Yes, pay it off, and they are, but it's not some critical imperative by end of 2025, which is why they just spent $10 mil on an acquisition rather than let the opportunity slip away

[Research67]

Nice rebuttal HB77. There is also the $8.5 mil spent on the acquisition they made last year, not to mention the tax write offs Victoria feels they can use from that addition. This would be a good year to put that tax write off to use! As for the guidance, that is a sliding rule, the more production, the less the costs, so if we assume high production guidance, we can also assume low AISC and