Victoria Gold Corp VITFF

RE:RE:RE:RE:The other side of the VG saga

[HoneyBadger77]

Or how about this OCB1234:
:
NO GOLD PRODUCTION (Temporarily) = NO CASH (Until Bridge Financing in Place or Company Restructures) = NO BANKRUPTCY (Because environmental impact is mitigated and an investigation into the cause of the slide proves the slide was an engineering design flaw and the slide event was inevitable and merely a matter of time.  That EMR should have halted Eagle operations immdiately after the slide in January until the cause of that slide was determined but didn't thereby putting the company at risk of bankruptcy and its workers on site at the time at risk of serious injury or death as a result of the slide that occurred on June 24th.)  

Part 2:  VG sues the Yukon Govt, EMR, and the media:
This scenario looks like this.   VG = $$$$$$$$$$ (yes that's billions with a B)  Then watch all the VG ship jumpers jump back on board for the litigation ride to payout paradise.

Although the outcome would appear certain (based on similar events), this is not a done deal yet.  Not enough facts to this point, at least for me, and from the facts I do know to this point, they aren't definitively confirming that VG is solely or even partially liable for this event.  The Yukon Govt and EMR are ultimately responsible for the mine build approval and subsequent close monitoring of operations, and if this is an engineer design flaw (as I strongly suspect it is), then VG even if bankrupt will likely launch a civil litigation case to recover the millions and more likely the billions it lost as a result of the Yukon government agency negligence.  Of course this would take years to play out unless a settlement could be reached early on.

My opinion only.

HB77