Victoria Gold Corp VITFF

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

[HoneyBadger77]

I can understand how you've become increasingly cynical over the years MVargas but I find that often our lack of informaiton and perspective as investors can cause us to take a much different perspective than that of company management with the information and insight they have which actually drives a company's decisions. Like many things in life, things make a whole lot more sense once you have enough information to see why certain decisions are made.  

For example after speaking to JM today, he explained why a final update was not as forthcoming as investors would have liked and now that he explained it to me (and he certainly didn't have to), I completely understand.  I won't share that info with this board but can assure you it was the right decision.  I don't believe JM was trying to intentionally milk the wildfire situation as an excuse but can see how some might look that way.  

Regarding JM quickly lowering guidance as a result of the wildfiires, I think JM was more concerned about the fallout from not lowering guidance had things turned out much worse than they were, but from what I now know the impact to production should be a lot smaller than what the market is pricing in.  The overall gold market is down so it's not just VGCX shares getting taken down these days although lately it seems like it.

I know it's easy to become cynical after all the ups and downs we've seen with VGCX in recent years but I try to look at what's been accomplished to date and the great potential this company has in the future.  Most of us that invest in mining ventures understand the risks and the patience it takes to finally see success and that there is no straight line to success when it comes to mining companies.  However, this isn't some start up company with pie in the sky promises that's 10+ years away from production and eating cash like a donkey eating stawberries.

Just take a serious look at the VGCX website to see how much has been accomplished and how much work its taken VGCX management and staff to get to where they are today and I'm more inclined to be optimistic that they will indeed get to 200K+ ounces p/year yet and that target is achievable.  In the short term, I'm more concerned about a hostile takeover which is only going to intensify as VGCX debt levels get lower and lower if the share price stays down.  I know from the blogs that many here are frustrated and would be glad to dump their shares for $10 to $12 bucks a share but I highly doubt JM is interested in selling at that price and frankly neither am I.

Hang in there MVargas!

HB77