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Volcanic Gold Mines Inc T.VG


Primary Symbol: V.VG Alternate Symbol(s):  VLMZF

Volcanic Gold Mines Inc. is a Canada-based company, which is engaged in the acquisition and exploration of mineral properties, focused on building multi-million-ounce gold and silver resources in under-explored countries. The Company has a 60% interest in two highly prospective gold-silver projects in Guatemala: Holly deposit and Motagua Norte project. The Holly deposit is an advanced-stage, high-grade gold-silver deposit with demonstrated underground mine potential. The Holly property straddles the regional Jocotan Fault which forms part of the 400 kilometers (km) long by up to 80 km wide deformation zone that separates the North American and Caribbean plates. The Motagua Norte project has a bonanza-grade gold-silver quartz vein system. The Motagua Norte project covers an area of over 86 square kilometers (km2) land position. The Cirilo 1 exploration license covers an area of over 13.5 km2 and includes the Mila gold anomaly. The 72.68 km2 is under application for exploration licenses.


TSXV:VG - Post by User

Bullboard Posts
Comment by goldinontarioon Feb 24, 2014 3:57pm
253 Views
Post# 22244504

RE:RE:RE:RE:RE:RE:At the verge of a trans formative event

RE:RE:RE:RE:RE:RE:At the verge of a trans formative eventI didn't realize that there was a gang on this bullboard that are actually short or have some other  malicious  intentiions. I previously thought what we were dealing with is a few people who had lost some money  and were now angy.  I now clearly see that these are shorts by how they rate positive comments and how all they want to do is bring up ancient history and try to scare monger new or present investors.  I guess they believe they are a lot smarter than Rick Rule and billionaire Eric Sprott who have loaded up on this stock.  The arguments of these shorts are quite hilarious-for example they are almost indicating there is some misappropriation  of funds...if you understand financial transactions at all you will have noted that the current loans with $1100 to $1200 gold have sucked the cash from the company, this is why even before the default a restructuring was needed to occur.  The shorts are wondering how the company will be able to cope with an even "more expensive" deal.  Once again they have a total lack of financial knowledge.  Even if the new lender gets a higher return which none of us know for sure, the loan will be structured to give VG much more flexibiliity in terms of payments and term.  They scare monger by saying that Raymond James needs to "pull a rabbit out of a hat",  my guess is that this restructuring was very doable as discussed in the last quarterly conference call, and is getting easier to accomplish every day as gold ralllies.  

This has to be one of the most risky shorts I have ever seen as the upside is huge.   The bashers were bashing this stock when it went down to 12 cents and now it is up 3x in a matter of a month.  The potential for this stock from this point going forward could easily be 10x, 20x, 30x or even more if the gold price continues to break to the upside.  

Good luck to all longs, and to the shorts, I hope you don't go bankrupt from what could be a mistake of a lifetime.
Bullboard Posts