GREY:VITFF - Post by User
Comment by
HoneyBadger77on Jun 24, 2024 4:41pm
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Post# 36103955
RE:RE:!!!!! CRAZY !!!!!!
RE:RE:!!!!! CRAZY !!!!!!Here's another video from the VGCX website that shows the whole mining site and from what I can see the collapsed area is a pretty small area by comparison and although adjacent to the Recovery Plant seems to have missed the plant. And it's hard to tell exactly but it seems if it did catch some of the overland conveyor system it should be a fairly short section of it.
The closing bids and asks are down to about $3.27 at the close but there's only about 40K shares on either side of that so it appears that the shorters are hoping to take advantage of the lack of news from the company about this event. I'm certainly not selling based on what I know at this point but have no doubt there will be some VGCX shareholders that will go into panick mode and dump their shares as soon as the halt is lifted and others that will try to capitalize on any sell off opportunity.
Anyway, I highly dount VGCX is going under because of this collapse. It'll be interesting to see how VGCX management explains this one and what this little mishap is going to cost us.
Victoria Gold Corp. | Crushing & Stacking (vgcx.com) HB77