RE: RE: RED HOT: John McConnel Interview - VIT Upd
When John was the CEO of Strata Gold they had a property in the Yukon called "Dublin Gultch" , among others.they then sold for a 8-1 ratio to Victoria, a steal for Victoria. And somehow John is still CEO at twice the salary that he was before.The only thing that Victoria has now is "Dublin Gultch" (Which they had before, and they paid about 8 pennies per share))the date set for production has been set back several times and at present is about two years from the original dates that were set,by Victoria Gold in there presentations (WHY)
John can not seem to get his act together and meet any targets or have anything done in a timly mannor.(with the exception of his salary, stock options, over a period of time.) while we investors see our dollars being spent on those items with little or no advancement in terms of production, drilling,permitting, and all the rest of the requirements necessary for a mine..The "ALL" year camp was to be a benifit,and ut Victoria way ahead of the other plays in the Yukon, was there any drilling done this winter??? was there drilling done prior to "season" open, and the web site states that that the progress is being made in the all year round camp, this was stated as being completed over 18 months ago.
Other companies get there permits quickly, their water licence quickley, there power quickly, and start building their infrastucture. Why or why does it take John years and years, inquiring minds want to know?????? At one point two years ago Nevada bulk sampling was going to finance "Dublin Gultch" Oh that was to start in fourth qtr of 2011, what happened???
With Victoria at a three year low with the price of gold at a 100% increase in the same time frame, this should tell you something. I want a job at Victoria gold , and over the next 3-4 years I will make more money than all of us investors put together,
Oh and by the way I have invested over $100,000 in Victoria Gold and am getting a little frustrated.Those of you that have followed this stock for years know who I am and know that I have been long in this stock for many years and that this is not a today situation, let alone a this month situation. In fact I purchsed another 30,000 share not to long ago(months).
There has to be some hard questions asked and some hard answers given.
At this point our Management has not delivered on any of their promises in a timely manner, has not given any real quantitive statements , as to thier expenditures, and costs and the future finances at this point.
Perhaps you can sense that I am getting a little more than disillusioned. Try to remember that over 60% of all VIT stock is owned by Institutions, mining companies, and mgt. so that not to many shares trade on a regular basis
Food for thought , any comments are welcomed and appreciated.