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Wallbridge Mining Co Ltd. T.WM

Alternate Symbol(s):  WLBMF

Wallbridge Mining Company Limited is a Canada-based company, which is focused on exploration and sustainable development of gold projects. The Company’s flagship project, Fenelon Gold (Fenelon), is located on the highly prospective Detour-Fenelon Gold Trend Property in Quebec’s Northern Abitibi region. The Company’s Martiniere project is located approximately 110 kilometers (km) west of the town of Matagami and 150 km north of Amos, Quebec, Canada. The Company’s Beschefer project covers 6.47 square kilometers (km2) and is located 28 km southwest of the Fenelon Gold project. The Company also holds a 19.9% interest in the Archer Exploration Corp. (Archer). Archer holds a portfolio of nickel assets in Ontario and Quebec.


TSX:WM - Post by User

Bullboard Posts
Post by V0idStarson Mar 13, 2020 7:52pm
171 Views
Post# 30806665

Market conditions today are a red herring

Market conditions today are a red herringThe green you've seen in the overall markets is merely a distraction from the bigger picture. I live in Calgary, Alberta and Calgary of all places has shutdown universities and various facilities, businesses are already feeling the pain. Can you imagine everywhere else and in the US? There's going to be a massacre in the markets and I have a good feeling that assays aren't unfortunately enough to keep this stock from getting dragged along with the markets. While I don't disagree with the fact that there might be some form of a short-burst of a rally if there are good assays- given the time it takes for asssays to come out the price will drop lower and lower with the rest of the markets. Again, just a matter of patience, I have a feeling people are getting way too optimistic here- this is warranted because your livelihood is on the line much like everyone else's. However, I recommend making logical decisions, let's do some simple math.

$10K worth of shares purchased at $0.80 gets you a bit over 12,000 shares. At the current bid price of say $0.45, your down to a bit over $5500. Someone here has mentioned a price target of $0.20, if you sold and bought at that target, you'll have almost doubled the number of shares you own. Is this the best decision for everyone? Definitely not- and people might look at this price target and laugh, but need I remind you that we were all in denial that this would dip below $0.70? 

May we all get rich together!
-Void 
Bullboard Posts