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Victoria Gold Corp T.VGCX

Alternate Symbol(s):  VITFF

Victoria Gold Corp. is a Canada-based gold mining company. The Company is engaged in the operation, exploration and acquisition of mineral properties. Its flagship asset is its 100% owned Dublin Gulch property, which includes the Eagle Gold Deposit, the Olive Deposit, Raven Gold Deposit, the Wolf Tungsten Deposit, the Potato Hills Trend, including the Nugget, Lynx, Popeye, Rex-Peso, East Potato Hills, Eagle West, Falcon, as well as other targets. The Dublin Gulch Project is situated in central Yukon, Canada, approximately 375 kilometers north of the capital city of Whitehorse. The property covers an area of approximately 555 square kilometers, is accessible by road year-round and is powered by the Yukon energy grid. The Eagle and Olive deposits include probable reserves of approximately 3.3 million ounces of gold from 155 million tons of ore with a grade of 0.65 grams of gold per ton. It also holds Brewery Creek property, as well as the Gold Dome and Grew Creek exploration properties.


TSX:VGCX - Post by User

Bullboard Posts
Comment by dave4275on Mar 13, 2013 11:27am
116 Views
Post# 21122636

RE: RE: RE: RE: RE: Financing by Rotschilds

RE: RE: RE: RE: RE: Financing by Rotschilds

hr - these markets are very risky and any sane financial advisor would recommend a company take a reasonable offer.

In this case, waiting too long is going to crush this company.

It's clear that no amount of good news, other than a buyout, is going to lift this stock - issuing anything having to do with equity at under .50/share would be nuts.  They need to move quickly and close a deal before the stock drops to .10 and they lose almost all credibility.

So far, they would've been much better off taking advice from boards! (as crazy as that may sound).

Since the stock was at .40, the company has been saying that they're hoping/waiting for a higher stock price before issuing equity.  They need to throw away their crystal balls and close a deal - even if at slightly worse terms.

And - it's pathetic that insiders haven't purchased a TON of this stock.  I realize they're often 'blacked out' from buying, but they do have periods where they can buy stock and not much has been purchased.

Bullboard Posts