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Victoria Gold (VGCX-T)
TSE:VGCX
0.48
0.02
(4.35%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Most Anticipated Earnings: MRE-T, PSI-T and more Canadian Companies Reporting Earnings this Week (Aug 05-09).This summary was created by AI, based on 2 opinions in the last 12 months.
The experts have raised serious concerns about Victoria Gold's financial situation, including potential bankruptcy, litigation problems, uncertainty around the cost of remedying a heap leach failure, environmental damage, and the likelihood of default. The company's debt requirements and lack of cash flow have also been highlighted as major issues. Overall, the consensus is that Victoria Gold is facing a very precarious situation and investors are advised against buying this stock.
$0.680
No
The issue is uncertainty. The heap leach failure raises multiple issues: First, there is the cost to remedy the issue. This is unknown, but could be huge. Next, there is the environmental damage and the likelihood of very large penalties. The mine could be permanently shut by regulators. Then, we have potential default. The mine operations have been suspended, so no cash flow is now coming in. With more than $200M in debt, VGCX's debt covenants will likely be breached soon, and lenders will be largely in control of the company's destiny. Overall, we would consider it a very precarious situation and would not advise buying.
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In Northern Canada. Fallen victim to the typical mining curse: takes longer, costs more, ramps up slower. Last quarter wasn't too bad. Still in the penalty box on consistency of operations. Inherent risk of a single-mine operator.
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Victoria Gold (VGCX-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 2
Victoria Gold (VGCX-T) Frequently Asked Questions
What is Victoria Gold stock symbol?
Victoria Gold is a Canadian stock, trading under the symbol VGCX-T on the Toronto Stock Exchange (VGCX-CT). It is usually referred to as TSX:VGCX or VGCX-T
Is Victoria Gold a buy or a sell?
In the last year, 2 stock analysts published opinions about VGCX-T. 0 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Victoria Gold .
Is Victoria Gold a good investment or a top pick?
Victoria Gold was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Victoria Gold .
Why is Victoria Gold stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Victoria Gold worth watching?
In the last year, there was no coverage of Victoria Gold published on Stockchase.
What is Victoria Gold stock price?
On 2024-08-13, Victoria Gold (VGCX-T) stock closed at a price of $0.48.
Expecting bankruptcy. Not a good place to invest. Company quiet on litigation problems. Too many unknowns. No cash flow, and tough debt requirements.