GREY:VITFF - Post by User
Post by
HuskySWon Jul 18, 2024 4:51pm
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Post# 36139116
it's all just all a big "Buzz"
it's all just all a big "Buzz" T
his 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 and amusement only
Far enough but that noise (buzz) that was referred to might result in management announcing a cease in operations and board resigning in 24 hrs with YTG taking control immediately. That's when the status of the mine changes rapidly. Shareholders are just ppl of a mine that legally is now in other hands. Think trustees and so forth...
Some points of current VG issues
First it's a loss of containment then
A major spill of cyanide and other products
And now these things just sort of start "perculating"
People alleging sexual harrasement & getting fired
Employees alledging Drug & Alcohol abuse on a dry mine
Employees alledging managment either ignored complaint, sent ppl home or fired them and so forth.
I posted the recent Minto MIne (in receivership) example in a previous post and they didn't have a HLP loss of containment or the above to deal with.
It appears they just woke on morning and decided they couldn't make money with the current price of copper so they folded and happily skipped on their way and so far there there's only comments from YTG such as we're disappinted and we will fix this in three years.
Furthermore with Minto there was nothing noted of D&A and/or harassment ssues on site, if there was no one stepped forward. So that unfortunately if it happened is not longer part of the receivership.
The net result was YTG immediately stepped in PWC got a nice million bucks and YTG says in three years it's cleaned up as per normal mine shutdown and that will be covered by previously retained funds. Done deal.
VG is not this situation it is "heaps" worse, management needs to talk, release information and a lot more.
Are they woking on "fixing the HLP" or replacing it.
Are they scouring the earth for money.
Are they pulling all the documentaion and reports on alledged drinkin & druggin on site and what they did.
Best https://stockhouse.com/companies/bullboard/t.vgcx/victoria-gold-corp?postid=36138739