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Bullboard - Stock Discussion Forum Victoria Gold Corp VITFF

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... see more

GREY:VITFF - Post Discussion

Victoria Gold Corp > timing guess
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Post by Human7 on Jun 07, 2021 3:25pm

timing guess

If VGCX has control for six months, their negotiating power is high in months 1-3 and low in 4-6. I'm guessing they take the best offer by 3 months, or they have to convince orion and coeur it's worth extending the arrangement to get a higher bid.

I don't think orion did anything in its deal with couer that vgcx didn't know about and not think is fair and reasonable. Orion wants their "build the mine money" back and move on and Coeur is like hey, let's make some money and a small chance we get the company too.

I don't see imminent fireworks unless there is a fantastic deal on the table, and I doubt that any suitor wants to be seen as overpaying by the official numbers, so there probably is no fantastic deal on the table at the moment.

Instead I see a steady march in share price for the next 2-3 months (1 month soon gone) leading up to a deal at that point... if by then enough new drilling and production has been reported to justify a higher offer.

Where the price of gold is over the next few months is also a factor. All 3 companies involved will be incentivized to not jump too early if gold maintains it's upward trajectory, since this has a positive correlation on VGCX share price and buyout price, and thus a higher payout for all if the end buyer is not Coeur. Not many analysts are bearish gold at the moment. Nor are central banks.

Comment by OCB1234 on Jun 07, 2021 6:09pm
This post has been removed in accordance with Community Policy
Comment by Human7 on Jun 08, 2021 6:55am
It's amazing how our expectations can change. I'm getting greedy too! Still kicking myself for not properly playing the previous high last summer. But this time, I think there really is no going back down. I'm going to be brave and predict it will blow past $30 before this is done. I'll take the bullboard abuse if I'm wrong :) Where else can you go where you know the ...more  
Comment by OCB1234 on Jun 08, 2021 7:19am
This post has been removed in accordance with Community Policy
Comment by Whateverrr on Jun 09, 2021 5:20pm
Hey ding bat,  your first paragraph says you wer kicking yourself for not properly playing the previous high correctly.  Which is easily noted on records from past posts I CALLED OUT.....on record.  AND said in Dec/Jan it was time to get back in around $10.  So it is quite funny you try to bash me.  Make up anything you want like OCD does.  Means nothing to me ...more  
Comment by Human7 on Jun 09, 2021 6:47pm
Don't put words in my mouth whatevver, I never bashed you, I would appreciate the same respect. I also didn't say $30 in a few months.. I said it's possible but will likely need results and it could play out longer. Whenever it does go, I do think it's going to go $30 or more. 
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