Victoria Gold Corp VITFF

RE: Looks like the MM's are taking her down....

[freedom045]

For what it's worth, It's my belief that the market is making this out to be far worse than it really is, I mean come on, they're still going ahead with the plan to take this to production, and the first 12 or so holes that VIT drilled on Cove were spectacular. So somebody somewhere made a mistake when using some historical holes, does that mean the whole project is dead? At this stage in the game there is no turning back at Cove

I've been an investor in numerous companies where bad news was delivered and the naysayers were all calling for share price tankage, and you know what? It has happened. As an example take a look at EC or CYP both stocks were highly pumped and so far to date both have drilled dusters and both stocks are stinkers! But VIT's bad news is of a different nature, it's not like there is no gold at Cove. My guess is that it would be 'no big deal' to prove up 500K on the Cove property anyway.

I think now, that the thing that concerns me more than the so called 'lost ounces' is the possibility of new Back-in drama from Newmont. If what the other poster has said was true about Newmont taking VIT shares in exchange for backin rights, I would find that to be a sensible solution.

At any rate, we'll see how this all plays out in the coming monthes. It wasn't long ago that the market was calling for tankage on RMX when Rob M. sold his stake... The bashers were out, calling "T-I-M-B-E-R!!!" or whatever. A few weeks passed, and take a look at RMX today!

What does this all mean for VIT? I don't know, but I will still hold, and I still believe in potential that VIT has to offer.

Good luck to the longs