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Victoria Gold Corp VITFF

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

Post by HuskySWon Jul 17, 2024 2:52pm
159 Views
Post# 36137114

VG - Risky Business or Bankruptcy - Both are easy to do.

VG - Risky Business or Bankruptcy - Both are easy to do.This is all for entertainment only, has no real  basis, and does not reflect on anyones reality.

It does not comment on any real events or people or refer to anyone now in existance or passed.  No opinion is presented or implied.

So for your entertainment or not.

Here's a recent example of an ongoing mine "closure".

In case anyones wondering about the fate of can happen if VG mgmt just says the moni doesn't work.  It's why I think VG shareholders or anyone wants this.

So instead of quoting highly exciting court cases ...;)

Be prepared it's brutal.  Also notice who's YTG point.

It's in case your wondering why I think closure of mines that have proven inventory and good prices should not just go bankrupt, it's just what can happen,  but please read on.

And you may also notice who goes to go to the next gig. lol

I have not seen any reports that here was any wrong doing by management.  It's just business.  OK. ;)

Imagine the scene if VG does like below and you wake up to the news.  Sure the 80c is just vaporized, but the real loss was the cliff dive on or around the 24th do to LoC.

Right now NO one knows what going to happen, EMR, FN, YTG, VG and more are concentrating on damage control and remediation.

Board of directors for Minto Metals quits after company pulls out of Yukon copper mine

The board's six members resigned along with two vice-presidents

The entire board of directors for Minto Metals has resigned, days after the company announced it was stopping operations at Minto Mine in the Yukon.

Board members Gati Al-Jebouri, Lazaros Nikeas and Derek White resigned effective May 12, while Joe Phillips, Chris Stewart and Jay Johnson resigned effective May 13. 

Two vice-presidents also announced their resignations Tuesday: Tracy Dormer and Loralee Johnstone, who resigned May 5 and May 13, respectively.

https://www.cbc.ca/news/canada/north/board-of-directors-for-minto-metals-quits-days-after-company-pulls-out-of-yukon-copper-mine-1.6845603

Five years and just like that Board and VP's leave... 

Now the lien's and things are just working through court.

https://www.cbc.ca/news/canada/north/minto-mine-ceases-operations-yukon-1.6534164

Some settlement

https://www.cbc.ca/news/canada/north/minto-receivership-royalty-settlement-1.6920813

Someone's makin moni  No buyer but someone makin moni

https://www.cbc.ca/news/canada/north/minto-mine-pwc-no-buyer-liquidate-assets-1.7162935

Remediation and buyer

https://www.cbc.ca/news/canada/north/minto-mine-remediation-plan-three-years-yukon-1.7130386


Best

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