Victoria Gold Corp VITFF

RE:RE:RE:RE:RE:RE:RE:The stock will be delisted

[HoneyBadger77]

VG gold didn't just go and build this mine on their own without years of tedious process that involved YTG and FNs every step of the way, that included jumping through many hoops and a multitude of reviews and legislative requirements to eventually get approvals from none other than the Yukon Government and FN's.  Getting a mine built and in production in this country is so rare it defies logic why any sane person would even attempt it.

So let's see, after all the process, YTG and FNs agreed that it was OK to build a HLF on top of a mountain with a creek directly below the HLP toe and now when the 'Unlikely Event' occurs the company takes the fulll blame and is put into receivership by a judge with the stroke of a pen, because VG hasn't cleaned it all up within 6 weeks?

Well I sure hope VG's lawyers are now preparing a multi-billion dollar lawsuit against YTG and FNs for the cost of the mine and all the future mining lost opportunity costs.   Because they've certainly got enough historical proof to show that the YTG and FNs track record of mine reviews and approvals that have resulted in 'catastrophic' environmental failures is not unique to VG gold.  Imagine what a jury at a civil trial would make of the numerous failures by the YTG and EMR over the past 54 years.

These mining disasters in the Yukon have been occurring since the 1970's according to their own Premier and so what does that tell you about why they have yet another mine disaster to deal with?  The only way to hold governments accountable for their part in these situations is through a civil court process and lawsuits in the billions of dollars. Someone needs to hold the authorities accountable for approval of these mines that are doomed from the start and destined to result in mining disasters such as this.  Unfortunately the only way to do so is via a civil court multi-billion dollar lawsuit process because aside from public voting it's the only other language they understand. 

I suspect that VG is still proceeding with their 3rd Party Engineering Independent investigation to identify the root cause of this mess and once they have it and it proves this was a mine design issue (approved by the YTG and FNs), then they will proceed with civil litigation.  Or is it possible that the YTG petitioned to put the company into receivership before VG independent engineers could get to the root cause that might support their case against YTG and EMR?  The timing of this petition is certainly suspicious.  Regardless, the gloves are off now and it's no holds barred.

The fact that the Yukon Government Official Opposition is publicly opposed to this receivership move says a lot about how messed up things are with the Yukon Government and probably why these disasters continue to occur even after 54 years despite all the regulations and government oversight.

I suspect VG Management will be doing a news release of their own soon enough.

My opinion only, please DYODD.

HB77