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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 Sep 08, 2016 5:52pm
164 Views
Post# 25219751

RE:RE:ITS CLEAR

RE:RE:ITS CLEARI  totally agree with silver300... Here is what silver300 said...

"There is no need for management or shareholders to accept any takeover offer. Why would we? A takeover implies we sell the company for less than what it is worth, otherwise the suitor would not make an offer. I say this because WDO is not simply an exploration company lacking in mine development skills that finds deposits then sells them to an entity with the required skills to develop a mine and process the ore. WDO can and has done that. Lots of it. WDO is very capable and can develop the mine and process the ore. In fact they have done so right where the drill results came from at Kiena, and elsewhere. WDO shareholders will obtain ZERO benefit from a takeover unless the suitor errs and makes an offer in excess of WDO's full value and I doubt any suitor would do that."
Bullboard Posts