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 > Question asked if this will affect the Casino Mines approval

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Comment by HuskySWon Jul 30, 2024 12:13pm

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Post# 36154552

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Question asked if this will affect the Casino Mines approval

break,

"that said, you might have no reaction time so for that reason this is not for me!"

To bet on VG requires on the scale of Zalls, it's a 5 Zalls one. There are big players that can swing this thing faster that your can say "Nooooooooooooooooooooooo".

badger said "Because don't yah know, that's what hedge funds do!"

https://stockhouse.com/companies/bullboard/t.vgcx/victoria-gold-corp?postid=36153734

Love it! Now those are the global powerhouses that like to play, with your moni. lol

Me either, I don't like thinking of the companies circling like baraccuda with me as the chum.

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I'm not sure the creditors want to set off a 10 day notice right now due to the loss...

Best

Just for entertainment only, there is nothing real here it's all a figment of my imagination

givemeabreak1 wrote: I have to agree with Husky to this point all there is so far is a notice of default on loans! As such, that does not freeze up or change anything as far as operations of the company. That said, things can change rather rapidly. I have participated in a number of filings and they can differ greatly. For example, some companies just have no chance of recovery others are very viable with an infusion of cash and reduction of debt and expenses or gov forgiveness.

In Victoria's case there is no reason to believe that it cannot become an operating mill again. They may be able to do it on there own or they may need protection under CCAA to re-organize and restructure operation, debt and other liabilitiess

As I understand it they are continue to operate though not from a production stand point of a mine. So what could change that? Sometimes just simple things such as a leasee obtaining a court order to remove their equipment. Can't operate a mine without equipment. Similarly, debtors can start to lien assets some of which you need to operate. If I recall correctly secured creditors can act with 10 days notice then attaching inventory, accounts receivable etc. I suspect if a 10 day notice was issued the company would stop trading almost immediately and the company would elect to go into CCAA to protect assets and remain viable.

So generally, it can be a pretty quick thing. Creditors hate having to do these things as an operating mine has more value than one that is not operating and there is a better chance that you recover 100% of you money. That said, you might have no reaction time so for that reason this is not for me!

Just one man's opinion nothing more nothing less. Be careful out there it is a rough world.