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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

Comment by MVargason Apr 11, 2024 4:29pm
92 Views
Post# 35984188

RE:RE:My Take

RE:RE:My Take
Human7 wrote: Yes Vargas you are biased, as you thought someone might think. 

The biggest concern is the falling grade? Talk about spin. "...the company's dire financial state."?? Really?

Let's face it, you did a classic cash out near the bottom and now you want it to go back there. 

I don't really care what you or any other poster here thinks.  I was relieved to get out when I did, was kicking myself for not getting out earlier, have no regrets and can't imagine ever jumping back into the cesspool when there so many other well-managed companies.

I once held a 100k+ share position in VGCX and started rotating out of VGCX into KRR (and others) in mid 2022 and have done very well on those trades since then. 

As I recently posted I sold my last 29,500 shares last fall near the bottom at $5.73.  Regrets?  Not a chance.  The proceeds from that sale was used to purchase 300,000 shares of MOZ (since taken over by CXB) at an average of $0.56.  Net trading gain is currently $142k.  I am up more than that on my rotation out of VGCX into KRR. 

Believe it or not, I don't care.  

I have done more due diligence on this company over the past 9 years than Anyone.  I have no ulterior motives, but simply making other posters aware of the potential pitfalls to aid them in their investment decisions that they are free to ignore.

GLTA
 
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