Post by
inviolablspirit on Apr 08, 2024 3:12pm
Gold up and WM down - Go figure!
Walbridges's current $96.54 million market cap = $37.95 US/oz gold price for WM's 212 000 oz/year over 12 years. How incredibly undervalued can this stock be???
Meanwhile gold continues to increase. $2340 US/oz gold brings the 212 000oz/year x 12 years to a value of $5.95 billion!!! Added another $50 million since Friday and gold will most likely end up somewhere between $2400 and $2500.
Gold prices are $532 US/oz higher than on Feb. 20, 2023. On that date gold was $1808 US/oz. On that same day the price of WM was $0.175. The market cap of WM was $178.5 million. The value of gold in the ground was $70.17 US/oz. That $532 US/oz translates into $1.35 billion increase in value since that date and an 8 cent decrease in share price. That 8 cent decrease in share price is equal to $81.6 million in market cap while adding $1.35 billion to the value of their gold. That's off by 16.5x. That's $1.32 difference in share price value.
Comment by
Currower on Apr 08, 2024 3:25pm
Always small lot sells downand small lot buys up perpetually hunting stoplosses and depressing upward momentum. Daily for 4.5 years and our???? Board won't end it with a NSR.at no cost for ALL SHAREHOLDERS. I'm sure Agnico doesn't mind. Disgusting corporate behaviour.
Comment by
Currower on Apr 09, 2024 9:32am
There are no REAL SELLERS of Wallbridge shares. It is and has been ALL brokerage and Alt exchanges voodoo coordinated to TRAP stoplosses and SUPPRESS share price since the DETOUR EAST GIVEAWAY to KL AGNICO. 4.5 years ago. LOOK AT A 5 year chart. Then look at a RUP chart. OTHER SHAREHOLDERS GET NOTHING . NO NSR .ANNOUNCEMENT ??????? REALLY ???????
Comment by
inviolablspirit on Apr 09, 2024 9:51am
Nice start to the gold price today $2355. Anything over $2358 puts a $6 billion gold value on WM's 212 000 oz/year over 12 years.