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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 NickelOneon Apr 24, 2019 9:47pm
114 Views
Post# 29667331

RE:RE:Large short position covered

RE:RE:Large short position covered It is too bad it was such a weak short, I would have loved to see a short squeeze as the ask is getting thinner and thinner. It would be hard to cover such a large short with some good news like Olive/Shamrock resource upgrade or a half decent drilling program.

Construction seems to be pretty much on track, although I have some concerns when it comes to primary crusher (access pad, rockbreaker installation) and associated discharge conveyors and transfer chutes to secondary crushers.

I would qualify a large short trade at this point in time as a very "uninspired" move, as I don't want to use harsher words that would describe it better.

Time for VIT to deliver on their promisses, otherwise the market will punish them in a big way and the small retail investors will take another hit. 

GLTA
Bullboard Posts