Re: Management Buying VIT's Stock?
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The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.
Message: Re: Management Buying VIT's Stock?
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Chads answer to my questions/comments regarding management buying VIT stock:
Tom,
I absolutely agree with your points. That fact is, however, that every employee and board member has been restricted from trading Victoria's stock every day for about 3 or 4 months up to now because of upcoming drill results or the Gateway deal. Trust me, it has been frustrating!
Can I post your question on our (new) website?
Chad
I sent this letter to Chad Williams:
Many investors, like myself, have stepped up to the plate and have continued to add to their holdings in Victoria during its swan dive; however, I haven't seen any indication that Victoria's board members are doing the same thing. If Victoria's stock is truly undervalued in the eyes of Victoria's management, then they should place their vote of confidence in the future prospects of this company by buying their own stock. It's one thing to have your corporation issue warrants to key personnel, but it's an entirely different thing when you see that management is buying their own stock. When stock holders see management buying their own company's stock, investors do take notice - if management is buying their own stock, investors will ask the question "Who knows the value of their company better than the current management team?". Corporate insiders buying their own stock, in my opinion, could very well be the catalyst for unlocking the value in your company. I can't think of a better way to enhance stockholder's value outside of good drilling results.
I would urge you to share this idea with your board members. All of the stockholders in your company are interested in one thing, and that is see their stock selling at a price that adequately reflects the underlying value of their company.
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