Victoria Gold Corp VITFF

RE:RE:Yes News Out - You're Welcome!

[HoneyBadger77]

Well Kegman, what can I say because whenever I e-mail or call JM he usually reponds fairly quick either by e-mail or phone call.  In fact, further to my e-mail and his response on Friday he called me this morning and we had a very good conversation about VGCX.  I won't get into the details but can say that I got all my questions answered and I'm quite comfortable with my investment in VGCX.

I mentioned to JM that some posters comment about his lack of response to their inquiries and he said that he tries to get back to investors whenever questions are sent directly to him or his assistant but admits that sometimes he can't get back to them within minutes but does try to get back to them.  Personally, I would rather talk to JM than some IR guy being paid to feed me a load of _____.

And for those on this board calling for JM's replacement, give your head a shake.  That's all we need right now is some new guy coming in and stealing what's been built to date and making all his cronies rich.  JM has over 850,000 shares that were worth about $50 million when VGCX shares were at $20 bucks that are now only worth about $5.5 million and JM never sold a share.  So I'd say he's got pretty good incentive to get things back on track and get a share price back up much higher than $6.75.  I mentioned to him today that whenever the share price drops 10 cents and I drop $5,300, his share's value drops about $88,000 and then I don't feel so bad...LOL!  Of course the opposite is true when the shareprice heads North.

I currently hold about 53,000 shares (bought another 800 shares today), not because I need anymore but just to round up my holding numbers.  And at this price, it's too tempting not to add a few more.  The market cap at 447 million CAD at today's closing price is just rediculous when with inflation it would cost a billion dollars to build the same mine today, and that's not counting all the gold in the ground!

The company's forward gold sales are perhaps questionable to some investors but they plan to pay down a lot of debt due from now until Q3 2024 and those forward sales are good insurance should the price of gold decide to head south.  If the debt is largely paid down by Q3 2024, the share price will be much higher than today and investors will look back and wonder why they didn't back up the truck at today's price.  And that's if VGCX doesn't get taken out in the meantime.

So unless you have a margin call, why would anyone be selling their shares at these prices?   Well, I have no proof but strongly suspect some entity is working very hard to drag VGCX share price down to these levels so they can grab all the cheap retail shares they can before a hostile takeover bid.  That's the only thing that really makes any sense to me.  They got lucky with the recent wildfires because investors got spooked and many likely dumped their shares due to panic selling or margin calls.  Well the wildfire is now out around Eagle and Mayo and normal operations have resumed at Victoria Gold so no one is getting my shares at today's cheap price!  

Good luck to all Longs!