Bullboard - Stock Discussion Forum 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... see more

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Victoria Gold Corp > Bid Away

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Post by Powermano7 on Mar 15, 2024 9:37am

Bid Away

The Company is now the market maker bidding down the price. 3,000,000 still to go at the bid. What is going on? DF

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Comment by BigJake on Mar 15, 2024 10:21am

You will have to forgive my ignorance, but I didn't understand what you were saying in this post

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Comment by Powermano7 on Mar 15, 2024 10:33am

Well Bigjake in my opinion the company has contracted to buy back ~ 3 million shares and they will try like any other buyer to get them at the lowest bid price possiblep. So contrary to popular belife that share buy backs increase the demand thus increase the price the result is quite the opposite as we will contunue to see as we lag behind our piers in price appreciation. DF

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Comment by kegman on Mar 15, 2024 10:58am

Power guy. I do not believe they have the cash right now to buy back shares. They gave not started regardless. They are not obligated to do so either. When they do start it will be reported and no, it will not lower price. If they actually clear $175m this year the price will be much higher before they even start. Buying back shares with this float size is ...more

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