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Victoria Gold Corp VITFF

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

Post by Greatdaysaheadon Apr 14, 2021 5:54am
195 Views
Post# 32990977

officers options exercises

officers options exercises

I note tha two officers exercises their 7.50cad options and sold the shares received:

- Marty Rendall 40000 shares (sold 14.05, paid 7.50)
- Thomas HIll : 28000 shares (sold 13.95 paid 7.50)
Nice profit for them and still holding a good amount of shares.

What to think about it.  I am more thinking is a "non-event" even if posting about it :-)

Indeed, I am not aure of the expiring date of the options but if it was closed, it make sense to exercise not and instead of committing more cash to own more shares, it makes sense to sell them.

Why selling and not keeping the shares when you believe in the Company would be the natural quesiton.
My answer : 1), diversification is important.. You work for a Company, try to mitigate the risk.. If thinks go bad, you lose on all fronts ! 
2) exercising the options means having the necessary cash to buy the shares. Not granted...
3) Not like they do not have a big chunk of shares :  168'000/80'000 shares and 214'667/96'667 options still owned.

 

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