Victoria Gold Corp VITFF

Gold at $2305

[kegman]

We are at almost $900 per Oz and that is being modest.  Yes bring on some pr please.  Safe haven gold.   Oil is up on US draws too.  Commodities are red hot.  Another .40 rise Wednesday?  If shorts have to cover it pops even higher.  Long time coming.

[DonaldDDukc]

I think the most of the shorts are already giving up. They are already buying to cover their earlier positions

[Greatdaysahead]

Maybe a good time to sell forward another 5%-10% of the production (forward price @ 4months = 2331 @9months = 2380. They have already 20-25% of the production sold fwd at 2080 if I recall correctly.  I think the average hedging in the industry should be around 20%. I am not a big fan of higher hedging % but could be wise to secure the debt repayment.  Another solution would be to

[HoneyBadger77]

Disagree with any more hedging / forward sales.  The hedging / forward sales they put in place was a prudent move given the situation at the time and will ensure the 2024 debt payments. I highly doubt gold is going below $2200 unless there is a major shift in geopolitics which I'm not seeing.   And with the US adding a $Trillion in debt every 100 days where do you think gold is

[HoneyBadger77]

Copied this from the Newmont bullboard posted by Elolo101 today.  Have a read and then ask yourself, should VG be doing more hedges and forward sales at today's gold price? And then also ask yourself if today's VG share price is anywhere near where it's going if this author is right on where he believes gold is headed.  An interesting perspective on how the price of gold has