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.

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Victoria Gold Corp > VGCX - Retained Earnings $113 Million

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Comment by givemeabreak1on Jul 22, 2024 7:02pm

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RE:RE:RE:RE:RE:RE:RE:RE:RE:VGCX - Retained Earnings $113 Million

HoneyBadger
I really do not know what you were talking about in your earlier post as you went on something about them having 200 million at their disposal which is ridiculous. Last I looked, they had about 40 million in cash including other liquid assets, however their accounts payable and accrued liabilities was over 70 million. FYI accounts payable is paid out of cash and also accounts receivables that are paid before pay due date. Needless to say that puts them at a pretty low cash position.

I really do not have a clue what you guys are going on about with the $113 million retained earnings thing as it is meaningless to the discussion as it is not cash. Retained earning is the cumulative profit that has be re-invested for the most part. The cash resulting from retained earnings is used to fund various investment or business activities seldom is much if any sitting idle in a company's bank account so has no affect on the company running out of cash to pay bills. Companies often fail simply because they run out of cash....

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