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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 MVargason Jun 06, 2018 12:43am
158 Views
Post# 28130219

RE:RE:RE:RE:RE:RE:VIT: undervalued.

RE:RE:RE:RE:RE:RE:VIT: undervalued.
OCB1234 wrote: So, how exactly is cashing in options at an almost 60% discount a 'buy' signal?!!


I wouldn't call it a buy signal, but it is worth noting that management did not sell stock to raise cash to exercise the warrants.  In my experience whenever warrants are expiring and the exercise price is lower than the current share price, management (all companies' management) very often sell the shares to raise funds to exercise the warrants.

The fact that in this case management put up their own cash to exercise warrants is an indicator that they consider the shares to be undervalued and shows their unwillingness to sell at the current share price.  They know that in a year or two the shares will be worth a lot more than they are today.

So maybe not a "buy signal", but a positive indicator nonetheless.
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