Loading ...Victoria Gold might never recover from Yukon mine disaster
?Victoria Gold (TSX:VGCX) will likely be dealing with last month’s ore slide and spill of more than 300 million litres of a cyanide solution at its Eagle mine in the Yukon for years to come
?Despite the company’s containment efforts, contaminated water is flowing towards nearby Haggart Creek, putting wildlife and residents at immediate risk
?Victoria Gold is a mineral explorer and producer focused on the Yukon
?Victoria Gold stock has given back more than 90 per cent since the June 24 spill
Made a high over $20USD in early 2021, but its been falling gradually ever since, with repeated rally attempts.
My system struggles to discern real vs false bottoms in this kind of case.
The safe choice is to wait for the 20 month MA to reverse back up.
But that usually comes after a double or more off the final lows.
But I do have to note this … there was basically no warning that I could see for this break, and then you are down 90% in a blink.