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Bullboard - Stock Discussion Forum
Victoria Gold Corp
VITFF
Metals & Mining
Gold
Victoria Gold Corp. is a gold mining company. The Company’s flagship asset is its 100% owned Dublin Gulch property, which hosts the Eagle, Olive and Raven gold deposits along with numerous targets along the Potato Hills Trend including Nugget, Lynx and Rex Peso. Dublin Gulch is situated in the central Yukon, Canada, approximately 375 kilometers (km) north of the capital city of Whitehorse. The...
property covers an area of approximately 555 square kilometers and is the site of the Company's Eagle and Olive Gold Deposits. It also holds a suite of other development and exploration properties in the Yukon, including Brewery Creek, Clear Creek, Gold Dome and Grew Creek. The Eagle West target area lies as close as 500 meters northwest of the main Eagle Gold Deposit and hosts the exposures of the granodiorite. The Raven target is located at the contact zone at the extreme southeastern portion of the Nugget Stock. The Brewery Creek Project is a past producing heap leach gold mining operation.
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Bullboard (GREY:VITFF)
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(28)
•••
SWHusky
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Comment by
SWHusky
on Aug 15, 2024 3:21pm
RE:Hey John Your companies dyin' here!
https://www.tiktok.com/@theyukonsoapscompany/video/7132641616585673989
(28)
•••
SWHusky
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Post by
SWHusky
on Aug 15, 2024 3:19pm
Hey John Your companies dyin' here!
What are you doing? Now is not the time for bubble baths. Hop out of the tub, dry yourself off (don't forget the pants) and get down to the courthouse. Lawyer up, do whatever, do
...more
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(33)
•••
widrig
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Post by
widrig
on Aug 15, 2024 3:04pm
Didn’t even wait for the results of the investigation
Now in Receivership, happened pretty fast. Must not be good.....
(27)
•••
Oregonduck
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Post by
Oregonduck
on Aug 15, 2024 3:04pm
It doesn’t have to come to this!
On day one, the CEO and the Board should have been proactive and not go AWOL. They could have filed for CCAA bankruptcy protection to give them time and breathing room to deal with the disaster. They
...more
(28)
•••
SWHusky
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Post by
SWHusky
on Aug 15, 2024 2:45pm
So PWC finds a buyer for a few million all in.
Buyer says I'll take it but we want the open ended repair, remediation and care contract of the HLP and the Gulch. We also want to be indemnified of any liability for the fish.
...more
(92)
•••
argaiv
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Comment by
argaiv
on Aug 15, 2024 2:41pm
RE:Will the highest bidder step forward for liquidation
Who will take a chance on the asset? Accidents happen in this industry, I am not sure why management would not allow inspectors on the site.
(27)
•••
Powermano7
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Post by
Powermano7
on Aug 15, 2024 2:27pm
Too Funny
In my discust for the whole situation it is still funny to me that posters here refuse to let this go and want to blame everybody except Victoria Gold and its managment. Come on they are totaly
...more
(28)
•••
SWHusky
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Comment by
SWHusky
on Aug 15, 2024 2:22pm
RE:This goose is cooked
duck, Thanks for the breakdown. So it is the banks that called this in and YTG said DROP the HAMMER? Who would in their right mind invest in The Yukon after this? Apparently YTG got piffed
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(27)
•••
Oregonduck
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Post by
Oregonduck
on Aug 15, 2024 2:15pm
This goose is cooked
The Yukon Govt has been granted Receivership under the Fereral Bankruptcy and Insolvency Act. Under Canada's Bank Act, the banks have the Right to Setoff VGCX's approx $40 million cash against
...more
(28)
•••
SWHusky
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Post by
SWHusky
on Aug 15, 2024 2:15pm
Will the highest bidder step forward for liquidation
After this forced liquidation who is ever going to invest the The Yukon ever again. Smart companies will not step up to this suspected bargain basement price. Who wants to invest in a YTG
...more
(27)
•••
Oregonduck
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Comment by
Oregonduck
on Aug 15, 2024 1:41pm
RE:it will trade again
The Company expects that the TSX will immediately suspend the common shares of the Company from trading and initiate and expedite a delisting review.
(0)
•••
Invesnerd
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Comment by
Invesnerd
on Aug 15, 2024 1:37pm
RE:RE:RE:RE:RE:Last Post here
Or gov't bailout?
(82)
•••
oilgenious
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Post by
oilgenious
on Aug 15, 2024 1:35pm
it will trade again
I have insider info buy while you can soon
(0)
•••
Invesnerd
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Comment by
Invesnerd
on Aug 15, 2024 1:35pm
RE:RE:RE:RE:Last Post here
It's the only way they could pay that debt is to sell off BYN. 95 mil debt settled for any hope to continue, and they only have 45-50 mil on hand atm.
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