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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 > Be careful
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Post by Nick2021 on Jul 03, 2024 4:03pm

Be careful

I'm not putting this up to criticize anyone -- I've been in this same situation before, holding too much stock in a miner in a lot of trouble (Lydian, Mandalay) or just a company in over its head (Amarillo, Kuya Silver), and I know how little fun it is.  In the first three of those four I decided to hold, and ended up getting out with a small profit.  Lydian later went bankrupt at a total loss to everyone who had diamond hands.  In Mandalay, one of the reasons I decided to stay the course is because I had already lost so much that selling wouldn't have made sense.  It finally paid off, but it wasn't fun.

But Victoria is in way more trouble than Mandalay was.  Take a look at this thread before you make any decisions:

https://x.com/TheWealthMiner/status/1808575746040082539
Comment by mdjbrown on Jul 03, 2024 4:22pm
Thank you Nick.   A bit confused though as how does Mr. Szabo know the liners have been damaged, as this was a surface slide.  I fully expect piping and emittor damages but liner damage has not been reported. In the before and after pictures the outer upper edges of the liner is visible, but doesnt appear damaged.  My bigger concern would be if the containment embankment was ...more  
Comment by Nick2021 on Jul 03, 2024 4:38pm
He doesn't know it for sure, but he has a technical background and is guessing from one of the aerial shots post-disaster (here's the evidence he used): https://x.com/TheWealthMiner/status/1808210817029927030 Most of his comments are in replies on threads, not under his own name (the Wealth Miner is someone else). It really is notable how extremely negative all of the technical analysts ...more  
Comment by mdjbrown on Jul 03, 2024 5:05pm
Thank you very much Nick Very interesting picture as the slip initiation? arrows appear to start at the roadway, with a grey shadow of possibly the dozer resting directly below the initial direction oval.            The plot thickens ............ I have a picture from presentation prior to the slide that shows the liners in a very similiar position so I am not sure. ...more  
Comment by Zibo510 on Jul 03, 2024 4:45pm
I can see a scenario where the liner could have been torn or separated.  The portion of the liner under the heap that didn't slide would have been anchored by the weight of the ore and couldn't move.  The liner underneath the portion of the heap where the slide occurred may have moved that portion of the heap right down to the base, thereby tearing the liner loose from the ...more  
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