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Bullboard - Stock Discussion Forum Winston Gold Corp C.WGC

Alternate Symbol(s):  WGMCF

Winston Gold Corp. is a Canada-based junior mining company, which is engaged in the process of exploring mining claims. The Company's property portfolio includes Winston Property, Holmes Property and Hard Cash Property. The Winston District Gold Project is situated approximately 18 miles (30 kilometers) southeast of the capital of Helena, and approximately two miles (3.2 kilometers) southwest... see more

CSE:WGC - Post Discussion

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Post by sclarda on Nov 16, 2021 9:11pm

PP

Another 20 plus million shares at 5 cents.  WGC doesnt seem to be much of a gold miner but  at least they are mining investors pockets.

The one good thing is at least they can still find someone to invest in more shares and  insiders bought $462 thousand worth of the private placement shares so at least they are still putting their money where their mouth is.

Insiders like Carbrerra who is supposed to have $3 million of his own money invested in WGC are in so deep  that they have to keep putting in more to try and keep the company afloat so they dont lose all their original investment.

Hopefully it all works out.
Comment by DMVWEB12 on Nov 17, 2021 5:41am
I'm at the same point. Why insiders investing half of the amount if things aren't going to work out? I really think we are on the verge of something. They have just enough cash on hand to roll until they end of January at the most (if no other PP). Stock can't go lower because below 5 cents, no PP, which would push the company to reverse split. My opinion, they are preparing a good ...more  
Comment by sclarda on Nov 18, 2021 8:53pm
DMVWEB12 wrote I'm at the same point. Why insiders investing half of the amount if things aren't going to work out? I really think we are on the verge of something. They have just enough cash on hand to roll until they end of January at the most (if no other PP). Stock can't go lower because below 5 cents, no PP, which would push the company to reverse split. My opinion, they are ...more  
Comment by Gold_Addict on Nov 19, 2021 9:13am
I did the same.  I bought a handful of shares at US$.0375 the other day to lower my basis.  I'm still underwater a little bit, but not by much.  Hopefully they can post some revenues and prove they are a going concern.  
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