Sitka Gold Corp V.SIG

Buzz on the Bullboards: Who’s stocks are sizzling during the summer holidays?

[Jonathon Brown]

As we get through the summer holiday season, the typically calmer market environment presents a prime opportunity for investors to evaluate their portfolios and consider new investments. The TSX... read article.

[Westcoastwalker]

Here's the whole article https://goldinvest.de/sitka-gold-turns-momentum-to-newly-acquired-clear-creek-property/

[rockport1]

If VGCX files for bankruptcy, perhaps SIG could make an offer to buy out the Clear Creek property/contract.  For VGCX, the Clear Creek property/contract is an asset. In the case of asset sales

[rockport1]

Westcoastwalker, I'm curious where this comment is from; it looks like you quoted it from somewhere.  I just want to point out a few inaccuracies. 1)  It says no payment is due for two

[Westcoastwalker]

Conclusion: Luck and misfortune are sometimes painfully close in the exploration industry. If not for the “Black Swan event” at Victoria Gold’s Eagle Gold Mine, over 60 km away, the market might be

[PressRelease]

2024 exploration has begun on the newly acquired Clear Creek propertyFirst diamond drilling program ever to be completed on the Rhosgobel Intrusion since historical shallow reverse circulation drilling in 1995 to follow up on holes 95-15 which intersected 50.3 m of 1.07 g/t gold and 95-16 which...read article.

[rockport1]

I think it's too early to tell.  It will likely depend on the extent of environmental damage. If it is minimal and contained, probably the short term not much damage to SIG. However, longer

[jambon379]

Any perspective on how and if the Victoria disaster impacts Sitka.??  IMO it does not.

[rockport1]

Yup, mining again. It took eight years before they could start to redevelop the mine.  Exactly my point.

[jambon379]

This would be no worse than the Mount Polly disaster and yet here we are.  Still mining and exploring.

[rockport1]

While, that post did not age well; one day! Lol!  I am so incredibly pissed at Victoria, not because I own shares, but because of the black eye they are putting on the industry.  It gives

[jambon379]

You got that right.  They will recover from this catastrophe as did Imperial Metals at Mount Polley.

[givemeabreak1]

Rockport Sort of weird that you say Victoria will be in the drivers seat to buy out Sitka down the line.  As it stands, it remains to be seen if Victoria exists down the line lol.

[jambon379]

AGREED

[rockport1]

This could work out, but it is a very high risk move by Sitka.  The cash terms are extremely taxing for a $45 million market cap company; it is giving away about 5% of the company a year for

[jambon379]

Would Vic Gold aquire a major stake in Sitka if they did not see significant potential.  IMO a major plus event.