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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 > Recent SP action is....
View:
Post by Human7 on May 17, 2023 1:50pm

Recent SP action is....

....a perfect overlay of GDXJ, GDX, etc.

Keg and Vargas, if management and the situation is as bad as you seem to now think, I think the price action would reflect it, but it doesn't. Great 1st quarter results, did nothing to change your mood. Crapping on AISC when it's industry wide, crapping on the hedging while forgetting how well that worked out when POG was tanking last year. And if you think $2500 gold is ridiculous, where have you been, it's definitely in the realm of possibility.

25,000 m for Raven last year, and the same this year, and the recent Mining Stock Daily interview where paying down debt was the every second sentence. Plus looking at being taken out, taking out, merging, with CAs everywhere. Does any of this matter to you?

I agree Raven and Eagle deep drilling comes very slowly to the table. I even think the most recent round of Raven may not have lived up to 1.7 g open pit, which is why they are now going to put it all together later this year with a PEA early 2024. This is a broken promise, but it seems the negative is all you can focus on lately.
Comment by OCB1234 on May 17, 2023 3:38pm
Human - My guess is they are holding back until the 2023 drill program is completed and then we will see an updated Tech Report for Raven in the fall, like last year. Regarding the POG eventually hitting $2,500, most people I confer with in this space (not this board), believe it will happen if not by year's end, by Q1 of next year. So I guess that knocks 'no one' down a couple of ...more  
Comment by kegman on May 17, 2023 5:05pm
No one who does not have something to gain.  $2500 is a huge jump from $1800 avg last few years.  There are no leaders of comapnies who go on record as saying results will be in a week or two and then willfully withold them.  The people in the know could short the heck out of it....oh ya, they have already done so.  Listen.  I still hold a lot of shares as I believe in the ...more  
Comment by HoneyBadger77 on May 17, 2023 5:35pm
Well said Human7, I absolutely agree with your perspective! While the recent drop in share price is certainly disappointing, those with a longer term investment horizon (6 to 12 months minimum and not minutes) likely aren't too concerned and are very likely using this as a buying opportunity. The recent drop in share price may seem to be the sole cause of the disappointing Q1 results but as ...more  
Comment by OCB1234 on May 17, 2023 7:02pm
"The recent drop in gold price due to the market mini tantrum because apparently inflation is still high and the Fed just might increase interest rates and not start to cut them as soon as previously believed.  What a load of garbage, so if the Fed raises another 25 basis points the world comes to an end?...rediculous...." It is ridiculous! Does anyone here remember that between ...more  
Comment by MVargas on May 18, 2023 1:19am
Human, there is a lot to comment on here.  I am a realist - not a cheerleader and continue to hold a large position. There is some merit in your comparison of VGCX's share performance with the GDXJ which shows industry declines, but since Aug. 31, 2020 VGCX is down 57% compared to a decline of 33% in the GDXJ. More recently since April 13, VCGX is down 19% compared to less than 11% for ...more  
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