Victoria Gold Corp T.VGCX

Alternate Symbol(s): VITFF

Metals & Mining Gold

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

Victoria Gold Corp > 2023 VGCX Revised Production Guidance - Misguided?

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Comment by HoneyBadger77on Oct 15, 2023 5:16pm

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Post# 35684528

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:2023 VGCX Revised Production Guidance - Misguided?

VGCX or VITFF stateside trades on the OTCPK (OTC Pink Sheets) on the NASDAQ Victoria Gold Corp (VITFF) Stock Price, Quote, News & History | Nasdaq but I don't think the average daily traded volume of 45,000 VITFF shares is enough to take VGCX down like it has even with the after hours trading available via the NASDAQ. Interesting that on Friday - Oct 13th VITFF only traded 22,549 shares on the OTC (or half the daily volume) so perhaps some shorting is going on there and the shorters backed off on Friday. The TSX volume exceeded the daily average by about 30K shares on Friday which coincides with the daily rise in share price.

The roughly 400,00 shares of VGCX being borrowed almost daily for shorting (out of the 450,000 shares available daily for shorting (as listed on FINTEL) appear to be being borrowed almost daily by an entity in Europe or Asia based on the time stamp info on FINTEL when compared to my time in Alberta.

I just discovered that VGCX is traded in the UK through broker HARGREAVES LANSDOWN Victoria Gold Corp Share Price NPV (hl.co.uk) which coincidently is about 6 to 7 hours ahead of Alberta time so is this the broker doing the daily borrowing of the VGCX shares listed on FINTEL? They certainly could be, based on the FINTEL time stamp.

I also see that they provide services to Private Wealth investors. I believe I read in a GMT filing on SEDAR pertaining to GMT Capital's purchase of the over 6 million shares of VGCX in March 2023 that GMT referred to VGCX shares also being held seperately by GMT Capital Private Wealth clients and that the filing disclosure did not include VGCX shares held in GMT;s private wealth accounts. So, are the UK GMT private wealth clients actively shorting VGCX in the UK while the GMT Capital publicly held shares (as mentioned in the VGCX September Investor Presentation) are positioned long? Who knows but I'm going to start paying much closer attention to the VGCX trades in the UK and do a bit more digging on their short sale disclosure laws and rules. If we could just get FINTEL to disclose who the broker is that's loaning the short shares that would explain a lot.

HB77

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