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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 26, 2020 2:38pm
137 Views
Post# 30955140

RE:RE:RE:RE:RE:RE:RE:RE:Patience Wearing Thin

RE:RE:RE:RE:RE:RE:RE:RE:Patience Wearing Thin
MVargas wrote:
Curious that you would hold a large core position when you assured us last July 1 when the share price was 40 cents that it was headed to 30 cents.  Of course it never happened.  Earlier you predicted that the share price would peak at 50 cents in 2019 before heading lower in 2020.  That was in addition to your predictions of a large dilutive financing of 150 million shares.  If you really believed these things, why have any position?  Or was it all just scaremongering in the hope of getting cheaper shares?

Is that what you are doing now?  Never mind - not interested in your spin.


VGCX ended 2019 above 56c/share which exceeded my  estimate of 50c/share.

VGCX headed much lower in 2020 if I remember correctly (34c/share (old share count) or $5.06/share (new share count).

The 150M shares dilution I predicted looks like this (factual information): First financing 72,421,604 shares + Second Financing 12,027,330 shares + Third Financing 39,225,000 shares + 15% overalotment for third financing 5,883,750 shares for a total of 129,557, 684 shares (all shares calculated to old share count). So I predicted 150M of dilution in new shares, we are at 130M as of now. Not too bad I would say...LOL.

Good luck!

Bullboard Posts