RE:RE:RE:RE:What’s up with WM?ProudItalian -
You said, "todays results proved my point i made yesterday about WM having too many shares outstanding and a inflated market cap."
I hate to say I disagree with you but I disagree with you whether you are "part of this industry" or not.
Wallbridge Mining is where it is because of factors other than share count and market cap. Whether or not it has "too many shares" is far more related to the amount of gold the company has than a simple number. Barrick Gold, for example, has almost 2 billion shares and yet its price is $32 or so per share. How do you explain that? Simple, it is mining an amount of gold to justify the price. Presently, Wallbridge is in the process of exploring, not mining.
In cases such as this, the company will "grow into its market cap" as it proves up ever more rich gold, which is exactly what it is doing.
I have been in the junior gold exploration market for over four decades and have seen this before. A company will hang around a certain price for what seems like forever and then it will shoot up, leaving the unbelievers behind. This game requires patience and that patience will be rewarded. Just as Jesse Livermore said.
I would further point out the last few months have not been kind to the junior gold sector overall with the exception of a few special situation companies.
Wallbridge's share price WILL rise when the time is right. But it is not particularly prescient to condemn it on the number of shares outstanding and the market cap. When the market cap rises as a conseqence of more and even richer discoveries the number of shares will seem more appropriate.
This one is a winner, Sprott or no Sprott.
Great good fortune to all.