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 > October: So far, so good.....

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Comment by RdlBamaon Oct 22, 2021 6:38am

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Post# 34036069

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:October: So far, so good.....

eldreco, McConnell has a fiduciary responsibility to VGCX shareholders. BYN maybe a very good investment. I sense that the joint ownership of vgcx and gym is very high. If McConnell does not want to pay a dividend then build out Raven that would benefit vgcx shareholders. Why no transparency on McConnell's personal investment in Byn? What does being an investor in Byn do for vgcx shareholders. Raven should be vgcx's second mine. It has much better grade. What are the rules of engagement between vgcx and byn? No, McConnell is very smart but there is a clear conflict of interest between CEOs and their fiduciary responsibilities. Vgcx is always undervalued by stock analysts because the CFO does not manage vgcx's assets, liabilities and cash positions. For Vgcx not to pay a dividend of at least 1.50 CA is completely assisine. I understand that Eagle has high sustaining capital needs but Eagle is a cash flow machine. But again, if vgcx has to pay for or help finance byns mine of course there will not be available cash for a dividend. Vgcx's capital structure should be getting simpler. The fixed debt should be paid off in two years as of 12.31. The revolver should be under 20 million by 12.31 with the increase in production for the 4th quarter. Finally, I hope that the BYN shareholders do well but VGCX'S cash flow does automatically go to BYN and if it does. I would like a very cogent and legal answer. McConnell had to make a deal with the devil named Orion in order to get Eagle completed. Let BYN deal with Orion.

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