Post by
mr46 on Jul 15, 2013 11:51pm
Virginia AGM report
Fist of all I want to say that my former nickname was monsieur46 but I had to change because I was unable to login . For those who owned the VIA shares in 2004 you will probably remember me although it is many years ago .
The most exciting news I learned is about the royalty : Goldcorp is drilling more than 110KM on the Eléonore deposit . André hopes and is very confident the reserves and resources will increase significantly .
The royalty is not for sale but André is working on many differents scenarios if he needs to sell :ie takeover target . Goldcorp has the right to first refusal and can equal any price target for the royalty .
What I did not know if there is a VGQ takeover the royalty is not separated from the deal and Goldcorp has no right to equal the royalty value .
Wabamisk discovery is promising . Coulon will be a mine over the next few years , a lot of work was done to know more the deposit and many same samples will be taken this summer to get ready for drilling the best targets next winter .
They reached a deal with Altius to share together the results from the 2 companies and drill anywhere in Labrador or Québec where the targets are the most promising .
They made a deal near the former Giant mine in NWT . They are excited with the geology of the property .
Ther is a lot more to talk about but I think it is a good resume .
Comment by
20/20/12 on Jul 24, 2013 3:05pm
mr46 thanks for posting this
Our biggest hurdle going forward imho is the giant G squid
they will be doing their dammdest to surpress our shareprice
can't we get rid of them somehow ??
Comment by
mr46 on Jul 30, 2013 10:51pm
Goldcorp is not our ennemy ! I am convinced they hope the best for VGQ . By the way G increased their holding in VGQ to 5.9% .... If VGQ makes another discovery near Eléonore G will be well positioned to make an offer and profit from it .
Comment by
Goldengreen on Aug 29, 2013 12:47pm
Altius is now a 6.5% shareholder in Virginia Mines (second largest position, more than Goldcorp owns!). Positioning to profit from a takeover play by Goldcorp, buying the royalty, or even a merger. Something is going to happen as the Elenore royalty starts producing $10 to $20 million a year.
Comment by
20/20/12 on Sep 16, 2013 1:25am
monsenior the squid is the enemy of all their partners it's a fact