Victoria Gold Corp VITFF

THE REAL REASON PRICE DROP

[kegman]

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : VGCX	2022-06-30	10,286,331	7,261,040	64,457,683	15.96

THIS TIGHT A FLOAT...IT IS OBVIOUS THERE IS COLLUSION IN BRINGING DOWN THE PRICE FOR THE COUER SALE.  IF NEXT REPORT SHOWS A CLEAN UP WE WILL KNOW BUT IF IT DOES NOT, THE BOARD HAS TO TAKE ACTION.  THERE WILL BE EXPLAINING TO DO AT NEXT QUARTERLY CALL.  16% SHORTED IS UNHEARD OF FOR A FLOAT LIKE THIS.

[Greatdaysahead]

interesting.. hopefully we get 2q production tomorrow and if we get a good number, the trend could change...

[Gambler8888]

Ownership needs to buy back shares and squeeze the shorts. We have a significant amount of free cash flow now that  hedges have rolled off.  Even at 1730 gold.  With such a small float and liquidity, it wouldn't take many buy backs to squeeze the short position.

[kegman]

Exactly.  SELL some BYN if we need to to do it.  

[MVargas]

There has to be something wrong with that report. Total shares sold on the TSX from June 15 to June 30 were 7,773,232.  5 million of those were Coeur's shares (sold, not shorted) leaving less than 3 million shares traded.  So how is it possible for the short position to increase by more than 7 million shares?

[Greatdaysahead]

Not sure the private transaction is taken into account? bloomberg show huge increase as well fyi

[MVargas]

Perhaps then the 5 million Coeur shares are included in the count of shares shorted.  That would still mean that of the remaining 2,973,232 shares traded 2,261,040 were short sales.  That is astonishing!

[Pete1986]

How on earth will it be possible for the shortes to cover this amount of shares. Even excluding all Coeur shares, there is still a huge amount left.  Anyway, there is defnetely something going on. To much strange things happening behind closed doors. 

[steve55]

nothing is going on;we have to wait for interest rates to stabilize and the war to stop.