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Wesdome Gold Mines Ltd T.WDO

Alternate Symbol(s):  WDOFF

Wesdome Gold Mines Ltd. is a Canada-based gold producer with two high grade underground assets, the Eagle River mine in Ontario and Kiena mine in Quebec. The Company has an exploration program both underground and on the surface within the mine area and more regionally at both the Eagle River and Kiena Complex. The Eagle River Underground Mine is located approximately 50 kilometers west of Wawa, Ontario. The Eagle River Underground Mine in Wawa, Ontario is producing gold at a rate of 92,000-105,000 ounces per year. The Kiena Mine is located in the prospective Val d’Or, Quebec gold camp. The Kiena Complex is a fully permitted former mine with a 930-metre shaft and 2,000 tons-per-day mill. The Company also retains exposure to the Moss Lake gold deposit, located approximately 100 kilometers west of Thunder Bay, Ontario through its equity position in Goldshore Resources Inc.


TSX:WDO - Post by User

Bullboard Posts
Comment by JamesBlenderon Aug 05, 2016 3:36pm
196 Views
Post# 25115249

RE:Gold down helps to set up low price for the buyout

RE:Gold down helps to set up low price for the buyoutThis is Resolute dumping a big portion of their position. Resolute has dumped over 10 million shares in the last two months. This is all on record. Resolute has nothing to gain by dumping millions of shares just to sell out the remaining 20, or so, million shares for massive losses. I think that Resolute just wants to scale back their position and when you had over 30 million shares to start with unloading a pile is going to move the share price down. This is a good place to pick up shares if you believe in WDO..... These prices will only last until Resolute has decided to stop selling.....
Bullboard Posts