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.

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Victoria Gold Corp > Santa Fe

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Comment by Whateverrron Feb 18, 2021 1:37pm

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RE:RE:RE:RE:RE:RE:RE:Santa Fe

Laughable. You think the issues with the share price is not having a dedicated IR person ? You have held your shares here forever. Know that John believes in no IR person. They are constantly promoting the stock via webcasts, etc. FYI< the world of gold investers is well aware of Eagle and Victoria Gold. Your stock price is where it is at because it belongs there based on the failures so far. It will not move up unless gold goes a bit higher and they dramatically increase ozs per year and AISC goes much lower. They will wait to see it as bonafide fact not just cheerleading. As for Orion, you clowns MCVargass, OCD and Phoenix Fell out of the sky.....all said the Orion sale was amazing and smart and agreed with the company BS that said they sold to provide extra liquidity for the institutions to buy.....That was a humdinger....Straight up crazy/scary/funny. So now you know Orion selling well below the current prevailing share price. And yes it is highly unlikely Orion vote yes on a tiny takeover offer and unlikely they sell shares again until the share price goes up. That is the overhang potential. If they are happy with $17-$20 and sell off this will cap your share price for quite some time. We were supposed to easily be at $30 right about now, guaranteed by OCD. Bummer.

MVargas wrote:

OCB1234 wrote:

phoenix_trader wrote:
Sadly VGCX is going to be given away by Orion for a fraction of value unless a professional IR team is assembled and/or the Board gets of their rearends.

If Orion was so eager to dump Victoria, they would have done so shortly after their shareholders agreement expired on 12/24.

There was no chance that Orion would dump their shares into the market as the price would quickly fall to single digits and Orion is not prepared to give their shares away at that price.

The risk is that Orion might be willing to sell the balance of their shares at $17 or less to a takeout candidate at any time. They were willing to part with several million shares at $17 last September and were authorized per the Prospectus to sell more at that price or higher, but the share price never got above $17 after that. So Phoenix's concern is somewhat valid, but Orion has less leverage now than it once had.

Prior to Orion's sale of shares last September, they, together with Sun Valley, had a controlling interest in the company, but since their divestiture and Sun Valley reducing their position from 10% to 1.5%, they now own a combined 38% of the company - not enough for a takeover candidate to lock up a majority of the shares.

I can't imagine the BOD recommending a takeover offer of less than $20 and it would be a lot more difficult for a hostile takeover offer to succeed at anything less than that even with Orion's support.