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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 > Management Gets Distracted
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Comment by Greatdaysaheadon May 27, 2021 3:30pm
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Post# 33279792

RE:Management Gets Distracted

RE:Management Gets Distracted

the buy back program gives them the possibility to buy shares if they think it's the right moment... Could be a way to provide support to the price of shares if someone tries to push it down... could be fi they see a huge gap between pps and fair valuation... So truly they have the choice..

But I agree that debt repayment should still be a priority... If I recall correctly, John said it wanted it below 100M... No dividend before that I guess.

At current price, cash flow is going to explode... how to manage it is the question... Buying assets seems out of the scope if the ultimate objective is to sell the Cie ?

i guess your points will be adressed at some point in the next interviews... 

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