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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

Post by Stockpicks96on Dec 28, 2023 9:49pm
262 Views
Post# 35803478

Vulnerable

Vulnerable There is no denying the low share price can leave us vulnerable to a non-friendly takeover. We have a solid deposit here, no doubt about it. But we never really had the goods that the market had us pegged for 3 years ago when we had our run. If we really were as valuable as the crack smoker claims, majors wouldn't taken us out when the share price was at a high. Anyone old enough here to remember Arequipa Resources? I believe all it took was 8 drill holes for Barrick to swoop in at $30.00 per share. It went onto be one of the highest grade gold mines in the world. Marz and Co could've gotten us a nice takeover premium when the stock was at a high and so was the speculation, but management failed to execute. We are now stuck in no man's land. Sprotts pumps can't dig us out of this mess (hence why he hasn't even tried), does anyone think currowers will?
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