Victoria Gold Corp T.VGCX

Who's got the money, who's grabbing it, where is it?

[SWHusky]

"“This legal action gives us a pathway to use the assets of the company responsible for the environmental damage to pay for the cost of addressing that damage. The Government of Yukon has agreed to advance the funds necessary for this urgent work, but the company's own assets and funds will be used first by the receiver. Once those have been exhausted, the funds advanced by the Yukon government, will be a debt owed to government, and we will have a priority charge to recover them if and when the assets of Victoria Gold are sold by the receiver under its court-ordered powers,” said Yukon Justice Minister Tracy-Anne McPhee at the briefing."


So Minister McPhee further states

"McPhee said that the Yukon government was careful to undertake the legal action in a way that would allow the company to reopen and mining to resume on the site."

I think Minister McPhee is telling fairy tale stories, "mining to resume on the site" 

Note" The reopening of the company and resume mining "with what'  the multi million dollar haulpacs are gone and the shovels are where, hmmm being walked down the Alaska Highway?

"McPhee confirmed that the almost $104 million in security that the government holds from Victoria Gold hasn’t been drawn on yet."

https://www.yukon-news.com/news/victoria-gold-enters-receivership-plans-made-for-key-phase-of-cleanup-through-the-fall-7490005

Personally I think this is all hoodwinking for a Care and Maintenance play, check out Faro it's what Parson's does.  Read P. 4.

https://www.parsons.com/2022/02/parsons-awarded-significant-contract-to-continue-managing-faro-mine-remediation/


imo