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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.


GREY:VITFF - Post by User

Victoria Gold Corp
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Comment by TurtleNamedSamon Sep 01, 2016 5:00pm
183 Views
Post# 25200983

RE:Re: Exercise Over-Allotment "Boutht Deal" & Opinion on Stock

RE:Re: Exercise Over-Allotment "Boutht Deal" & Opinion on Stock
Please explain your logic - why is a 10% dilution going to reduce the share price?

Sure, there has been a 10% dilution of shares, but there is also $28 million added to the kitty to be invested in a mine. As I recall, the cost of the mine was about $400M, so with some leverage (borrowing), that 10% cash can do lots of good working for the (diluted) shareholders. Your calculation is not giving any credit to the cash, which is now (technically) added to shareholders equity.
Bullboard Posts
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