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 > Management Gets Distracted

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Post by RatPatrolon May 27, 2021 12:43pm

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Post# 33276148

Management Gets Distracted

This issuer bid is another example of management immaturity.

They are acting like teenagers receiving their first allowances.
Management signals it is going to pay down debt.
Then it buys back shares.
This isn't a dividend.....
But it doesn't cancel debt.
It cancels equity.

The company remains exposed to a risk of rising interest rates.

There are other inconsistencies.
Stripping to expand the Eagle Pit before announcing results of its deep drilling there.
What's to achieve?
This isn't the dance of 7 veils.

JMHO
DYODD

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