Victoria Gold Corp VITFF

PR re legal action

[phoenix_trader]

A quick review of the prelim and final prospectus and marketing materials filed on SEDAR shows no financial or production forecasts. All I see is lots of wording like this:

Notwithstanding such efforts, in light of the impact of COVID-19 and the possibility of operational disruptions or delays, liquidity constraints and other factors beyond Victoria’s control, there is a possibility that the ramp-up to full capacity over the 4th quarter of 2020 may be delayed. For additional information, please consult the risks described in the AIF and the Annual MD&A.

In addition, it is not unusual in the mining industry for new mining operations to experience unexpected problems during the start-up phase or the initial production phase, resulting in production suspensions, delays and requiring more capital than anticipated. It is common in new mining operations to experience unexpected problems, delays and costs during mine development and ramp-up. The costs, timing and complexity of the continuing ramp-up of the Eagle Gold Mine may be higher than anticipated, including as a result of various adjustments required to optimize the efficiency of the operations. Such factors can add to the cost of mine development, production and operation and/or impair production and mining activities, thereby affecting the Corporation’s cash flows and profitability. Any unexpected problems and delays in the completion and successful functioning of these operational elements result in additional costs being incurred by the Corporation and its subsidiaries beyond those already incurred and budgeted. There can be no assurance that current or future ramp-up plans of the Eagle Gold Mine implemented by the Corporation or its subsidiaries will be successful.

The gaming has started,folks, maybe a summary action to dismiss is warranted.