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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 > News will come like a thief in the night
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Post by Oregonduck on Jul 20, 2024 2:07pm

News will come like a thief in the night

I personally think the Co. and it's CEO being incommunicado and M.I.A., they will just abandon the mine and walk away without notice like Yukon's Minto Mine. The Yukon Govt will be forced to clean up the disaster by enforcing the $104 million reclamation surety bonds.
There is no way Management can salvage anything since FNNND will never allow the mine to restart, the banks have all the security and there is no point in reorganizing the debts under the CCAA proceedings. It can happen overnight as people wait up with the stock halted. The stock will go to zero.
Comment by OCB1234 on Jul 20, 2024 2:18pm
For all the remaining 'longs' here, please read and reread (if needed), this post by Oregon. Please get out of this stock asap and take what you have left to live another day. You are no longer hanging on to a dream, you are now hanging on to a nightmare. 
Comment by HuskySW on Jul 20, 2024 2:52pm
Comment by HuskySW on Jul 20, 2024 3:05pm
Imo for entertainment Totally And if mgmt satisefies the legal requirements to the best they can, ie use the rest of cash, they happily skip to the next gig...  :) Ytg then steps in secures the site and the rest is history. The receivership will look for buyer, hand it over and the promo artists and market floggers will arrive again to sell the "investment". How big are your ...more  
Comment by Stratocheif on Jul 20, 2024 4:35pm
Proven profit in the ground actually is worth ZERO when environmental issues halt the project. Have you ever heard of the Pascua Luma mine in the mountains of Chile. I'll use this as an example but it's not an isolated case. I suspect a majority of the planet's resources are INACCESSABLE due to government / environmental restrictions. Back in the 1990s Barrick Gold acquired the ...more  
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