Victoria Gold Corp T.VGCX

You can stick a fork in it

[Oregonduck]

It is done. I know how the banks work. They owned all the collateral including the gold and have a "Right to Offset the Cash" in VGCX accounts to repay the outstanding loans. Osisko Royalties having advanced $500 million for the construction of the mine has no security. Royalties and streaming gold are just one form of hybrid financing. Vendors will start repossessing their equipment. Any debtors can now petition VGCX into bankruptcy under the Fed's Bankruptcy and Insolvency Act (BIA). The Co can voluntarily file for BK protection under CCAA proceedings to allow them time to reorganize. There is no meat left on the bone for unsecured creditors and common shareholders under either proceedings.

[Freezerburn]

But what if they promise to do better starting now? They could hire Huskypumps.

[HuskySW]

Oregon, thanks for the short note. Investors knew all this up front? Or was some of it legally hidden instruments buried in the notes. It appears a lot of investors came in later in the play.  But some here claim to have been in from the very start at the financing stage. Now that's big time Yukon style promo waiting for gullible to get fleeced Yukon style.  It appears a vocal

[HuskySW]

Oregon, thanks for your thoughts. Even on repo ppl still have a chance to make good like refinance, etc. Do you think there is not even a chance considering  FN might be interested and some other people might be interested in a relatively young proven  mine that has a track record of made posutive eps and showed net? Are there things like greed from outside at work here?  Hostile

[nincompoop]

Husky...'I have no skin in the game'...odd that, you give the impression of being mighty desperate to find any glimmer of hope that could turn this pig in a poke around... couldn't possibly be lying again eh Husky? Poor Husky his heads about to explode that he trapped himself by claiming to have put me on ignore, so he can't answer back directly...LOL  Best