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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 > Shorts and dead cat bounce.
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Comment by Greatdaysaheadon Jul 15, 2024 9:45am
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Post# 36132740

RE:Shorts and dead cat bounce.

RE:Shorts and dead cat bounce.

Quite the opposite.If short seller are sure this will be halted or bankrupt with no value, they will just keep the short as they will either be able to buy back the shares in some grey market for nothing or their short position will be settle at zero by the broker.

But if the shorts believes there could be some kind of plan for the Company to get through this nightmare (financing, whatever) and that the riks on the upside increase, they could cover to crystallize their gain (being 90% of the max gain).

So a bounce due to short covering will occur only if there is some kind of "good news". At the same time, short covering would maybe just compensate long time holder exiting between 1 and 2 cad.

 

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