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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 06, 2016 11:51pm
217 Views
Post# 25117332

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

RE:RE:RE:RE:RE:RE:Gold down helps to set up low price for the buyoutI hold a very large position. Every penny makes a big difference.... I really don't think Sprott had enough support to do a takeover. Why? Because there are enough big shareholders who don't want to get screwed by a takeover. So, they move on and try to takeover some other poor sap of a company that has huge potential. These guys don't make money paying retail... I've seen Sprott's garbage before... They get Cormark to write up some garbage document and then they get the goods for a song.... Resolute has made lots of money on this already.... Check out their financings.... and they still have some 20 million shares....Also, check out WDO itself? There are no fundamental problems, IMHO. They just need time and I'm patient. One problem with owning over 30 million shares is that when you want to sell a big position you can move the share price a lot... I predict this will rebound once Resolute finishes selling... Huge opportunity in my opinion...
Bullboard Posts