Victoria Gold Corp VITFF

Market Caps tell the story, CDE US$ 1.6 VGCX US$ .6 Bill.

[phoenix_trader]

Does anyone think CDE's Board will approve offering 160 mill CDE shares for the 82% of VGCX not owned by CDE. The holders of the 260 mill shares of CDE now issued would revolt. 

A cash offer is off the table, they have very limited working capital, Rochester is still in build and free cash flow for H1 was negative $83 mill.

Coeur is a minority investor in Victoria Gold in the same boat as all.

In my opinion continued PR's on production and drill results is the way out of the mess we are in. Get with the program and just like every other miner in the world, issue a stream of PR's, Zoom chats do not work.

[OCB1234]

This post has been removed in accordance with Community Policy

[Greatdaysahead]

Not sure to understand your numbers : Coeur capitalisation : 1.6B USD Coeur O/S : 257M shares VGCX capitalisation :  0.93B CAD = 0.73M USD VGCX O/S : 62.5M shares 82% of VGCS = 0.6M USD = 38% of Coeur current capitalisation = 38% of 257M shares = 97.2M shares Do i miss something ? And the issue is not how many shares you are giving, but what price your are paying...As a

[phoenix_trader]

What's missing is the premium Coeur will have to offer to buy the 82% of VGCX not owned. Yes, if no premium it would be 100 miil CDE shares but I doubt any of the major VGCX institutional holders would agree and certainly not management. Coeur like Victoria needs to prove it can produce gold and silver. My best guess is that the right number would be 160 mill CDE shares and that will not fly

[OCB1234]

This post has been removed in accordance with Community Policy

[OCB1234]

This post has been removed in accordance with Community Policy