Victoria Gold Corp T.VGCX

SHORTS ARE UP 25,000 AS OF MAY 15

[kegman]

HMMMMM.  STILL OVER 1.5M.  I have sold  2/3 of my holdings now.  Should have sold the rest at $8.50 as well.

[MVargas]

Kegman, happy to learn that you are back in the green and have greatly reduced your risk. One of the many reasons I got out was my fear of Victoria greatly diluting the shares o/s to takeover Banyan.  Banyan is a decade away from producing gold (if ever) and will require a billion dollars to put it into operation.   McConnell assured his audience at the recent presentation in

[kegman]

I saw that too.  Definately freezing BYN as that has not moved at all with Gold at $2400 and the Tara show on full force.  I thought VGCX could still get to $10 but will settle for $9 or thereabouts.  I was in way too deep.  No one else would ever bid on BYN.  Where would they get the labour for another mine up there and the cost to build it would be astronomical. 

[HoneyBadger77]

And then there's another way to take McConnell's comment MVargas that benefits both Banyan & Victoria shareholders.  Maybe what McConnell really means is that he will only let someone else take out Banyan IF they take out Victoria with it at a price of his / Banyan's liking.  Between the two companies, they are siting on over 12 million ounces of gold which is only

[kegman]

HB.     How do you explain BYN stagnate price with Tara touring the world?  That part of the German meeting presentation scared the bejesus out of me.  I just do not trust these guys anymore.  Good Luck for those who are willing to stay.  I will only trade this now after I clear out.  No more investing.

[HoneyBadger77]

As we all know, JM doesn't always say what he really means or speaks in language from the crypt so start there and then rethink his comment at the German meeting.  JM knows that there is strength in numbers and that amalgamating with Banyan if that's what it takes is what will happen.  Because alone, they can't attract the kind of buyout money that JM is looking for but has a

[Human7]

As far as I can tell, these shorts are great news for the VGCX share price. Down 200 K, but still 1.5 million out there, and up only 25 K recently. These recent ones might be smart because the recent run has been incredible... including yesterday, VGCX goes ripping with gold and others down. But otherwise there are a whole bunch of old shorts way underwater that are going to have to come up for

[kegman]

Normally I would agree but that has never been the case at Victoria.  Shorts on this ridiculously tight float always win.  They are not retail shorters.  Again, trust is 0.  They pretended to not know that their hedge fund friends were over 10%.  Good Luck.  To me too!

[Human7]

Maybe, but I don't think they win this time, as they haven't been in control for the last 2 months, and no one thinks the gold bull run is over anytime soon. This is not 2023 or 2022. That is the shorter mistake. And Vargas and OCB. VGCX is churning out FCF now and filed notice they may buy back shares, and they have the bandwidth to do it even if the POG goes down a couple hundred from

[Stratocheif]

Agree. How in the ....  can someone short unless they have total confidence the gold price is unsustainable? I think it is sustainable. The geopolitical and financisl reasons that brought it here haven't gone away. In fact they are worse. And also, the gold price is no longer in the hands of Americans. It's set by many billions of others in the world... Asia, eastern Europe, BRICS

[Stratocheif]

Agree. How in the .... can someone short unless they have total confidence the gold price is unsustainable? I think it is sustainable. The geopolitical and financisl reasons that brought it here havent gone away. In fact they are worse. And also, the gold price is no longer in the hands of Americans. Its set by many billions of others in the world... Asia, eastern Europe, BRICS central banks etc.

[kegman]

And this team could be the ones who could do it.  We must be missing something.