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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 > Status Quo is the mantra from the CEO.
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Post by phoenix_trader on Sep 14, 2021 6:51pm

Status Quo is the mantra from the CEO.

Measured, calm, staying the course, give hope but no bonanza in the near future.

Absolutely no rush to release drill results even though the latest PR said:


 "Additionally, exploration remains in full swing, and we look forward to providing results in the near future."

 Simply put, I believe management is not delivering the true value of the Dublin Gulch to shareholders. Many Canadian gold exploration companies have market caps about the same or better as VGCX, why is that you ask, the answer is their management know that exploration results drive value.

I think activists will soon be talking to major shareholders which is a real pity because the solultion is simple and tried and true in Canada since exploration began.
Comment by phoenix_trader on Sep 14, 2021 7:24pm
And this from the same PR: Results from this season's campaign are expected shortly and will continue to arrive into late fourth quarter 2021. If you compare today's speech with yesterday's PR one wonders if the same person wrote both. Let's look at expected cash flow, 180k Au ozs will be the minimum at  $Cdn 1200 cash margin or $216 mill in 2021, With 63 mill shares out ...more  
Comment by OCB1234 on Sep 14, 2021 7:50pm
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Comment by itsjustme1 on Sep 14, 2021 11:00pm
Have to admit ocb you have been banging the drums on VGC for a long time. Stating this was  a done deal [ sale ] . You always put up stupid cherry picked comparisons that suit your narrow focus when things aren't going well. I have been in this stock for awhile and am very dissapointed. I believe I will be looking for exit point. Not impressed with your cheerleading any more.
Comment by kegman on Sep 14, 2021 8:01pm
Math is a bit wonky. 1200 margin is way out there. Assume 800 and everything above is bonus. Remember $20 million in New plant. Debt repayment needs to be factored in. Plus exploration. Please just no more Banyan. Please no more over promising. Just get the job done and get us results. There was no inference with John 3 months back. We were being sold. Frankly I thought it was early but so be it ...more  
Comment by phoenix_trader on Sep 14, 2021 8:27pm
$1200 is Cdn cash margin (EBITDA) before exploration expense , capex is going to provide production for minimum 20 years.   Yes, we are worth $20 - 22 minimum now and the risk is the major shareholders will take it. We really needs some great international analyst coverage. Get a topnotch IR team together asap, our management sorely could use the help on IR.
Comment by Swingandmiss on Sep 14, 2021 8:51pm
It's gotten to the point that everything out of John's mouth is at best exaggeration, and at worst a boldface lie   "we will be taken out in the next few months at a much higher share price".  I've been reading this board a long time, and even the longs are starting to get to the point where they have had enough.   At this point I believe the reason we ...more  
Comment by Gambler8888 on Sep 14, 2021 10:07pm
Yeah, that is the problem.  I don't think JM is a liar, he just drank his own kool aid and over promises over and over. case 1, KL is a core holding of mine over 2021 and I got in at a price on the low 50's.  KL has outperformed operationally and although the price has yet to pop, I feel very comfortable holding it because I trust management and can wait for market to realize KL ...more  
Comment by OCB1234 on Sep 15, 2021 6:52am
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