Victoria Gold Corp VITFF

Not everyone agrees VG should have place into receivership

[KenoHillYT]

Not everyone agrees with YTG summarily applying for receivership was a brilliant decision.

This is also not about the C-suite staying on board.  
Once JM was fired by PWC under recievership the gig was up.  

The point is, was this decision for recievership just punitive punishment and if so by whom.  I'm quite abrasive too sometimes so what.  Doesn't change the fact that the instant VG was placed in receivership VG just became a liability for everyone (suppliers, employees, shareholders, etc.).

https://www.yukonparty.ca/statement_from_the_yukon_party_on_yg_court_filing_against_victoria_gold

The second PWC "fired" JM and the C-suit left along with the BoD the owners and team involved became a non-issue.  They are off the hook unless someone can come with deliberate behaviour that they caused the a sabotage of the mine.  

No ones going to attempt to drag the defunct C-suite and BoD into court because then YTG and all others professionals that designed and did the ongoing inspections and reporting are going to get dragged in.  Never going to happen, if it does it will be a first.  

Maybe they handed the JM team a gift. :)  If JM was so abrasive and so hard to work with that he needed to be fired by PwC the rub is he's not an employee and if YTG said we left the gate open for a return who believes the "abrasive" JM is going to come back.  I know what I would say. :)

This could end up being the worst decision ever made.

We'll see.

https://www.yukon-news.com/news/victoria-gold-enters-receivership-plans-made-for-key-phase-of-cleanup-through-the-fall-7490005

https://www.yukon-news.com/news/victoria-gold-contributes-1-million-to-first-nation-of-na-cho-nyak-dun-7000746

[HoneyBadger77]

Excerpt from the Yukon News (second link): "The preliminary cost estimate for cleaning up the landslide, as put forward in court documents, is between $100 million and $150 million with between $40 million and $50 million required within the next 90 days alone."  ___________________ So how did YTG / EMR come up with the above preliminary cost estimate?  Where's the

[Whateverrr]

It is all just one big conspiracy by YG and FNNND right Badger 77777 ?  THey are glad for the failure and the ability to take over the mine.  hahaha. SO you think VG could have made it ?  They had NO money left.  You also believe John when he said the mine could be back up and running in Spring '25, a few months from now ?    Add those to your Project 250k tattoo

[Whateverrr]

You think it was the wrong decision, others don't.  Is meaningless now.  It would have been considered the wrong decision #2 for YG, backed by FNNND to keep John on site to potentially make more mistakes.  Meaningless to me before and after as I was not a shareholder just a long long time follower of the story, well before even the Yukon/Strata days.