Victoria Gold Corp VITFF

Did you or were you shorting VG?

[KenoHillYT]

Unless your Roarin Ity and you've got a strong set, you may not have made the wisest choice ever is what I'm thinking?

There is a distinct possibility that this is being set up to for a play to reopen?

Not much difference to current SH's but to a shorter? (You can all jump out of the gulch now and expose yourselves?  lol) ;)

Right now it appears there is a play to complete the "emergency works"  (exact scope undertermined?) so that this mine can be sold and reopened?

According to the way the documents are being presented this will turn into a "show me ALL the money" now?  No emergency works no sale, is that the bottom line?

So it took a few months but now we have The Syndicate Lenders chiming in?


While there can be no assurance of any restart of the mine, in the absence of the Emergency Works being completed, no recovery for any creditors, including the Syndicate Lenders, appears likely."

"In their responding factum, the Syndicate Lenders state that they support YG drawing $55 million on the Surety Bonds to fund the continuing costs of the Emergency Works. However, they oppose YG lending those funds to the Receiver on a super-priority basis (which is the only basis upon which they are available to the Receiver, and the only basis upon which any party would make funding available in the circumstances). Neither the Syndicate Lenders, nor any other party aside from YG, have offered to fund the Emergency Works"

And here's the stick?

"If the foregoing arrangement is not approved by the Court, YG will not use its sole source of security (the Surety Bonds) to fund a continuation of the Emergency Works, and the focus will instead shift to reclamation and closure of the mine."

Really, what has the focus been on untill now?

REPLY FACTUM OF THE RECEIVER