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Western Exploration Inc V.WEX

Alternate Symbol(s):  WEXPF

Western Exploration Inc. is focused on gold and silver discoveries in Northern Nevada. The Company is engaged in the business of exploration, acquisition, development, and mining of precious metals and other mineral deposits in the State of Nevada. The Company's principal asset is the 100% owned Aura gold-silver project, located approximately 120 kilometers/75 miles north of the city of Elko, Nevada, and including three gold and silver deposits: Doby George, Gravel Creek, and Wood Gulch. The Aura project consists of 709 unpatented lode mining claims, totaling 12,848 acres, and mineral leases on 2,296 acres of fee land in nine different parcels. Doby George is a near-surface oxide deposit. The deposit is located approximately 130 kilometers north of Elko, a top mining jurisdiction in the world. Gravel Creek is a high-grade underground sulphide deposit. Wood Gulch is a past-producing, near-surface, oxide deposit.


TSXV:WEX - Post by User

Comment by jerrio78on Feb 20, 2021 11:47am
190 Views
Post# 32618687

RE:RE:Are we totally wiped out?

RE:RE:Are we totally wiped out?If you buy a shell with 300 million shares out expect a roll back in the range of 100 for 1 but yes this seems to be above and beyond. This is likely because insiders had no skin in the game and no interest in seeing this succeed. With no better offers they had to take what they could get. Just my opinion. Shells can be huge wins but you need to know where the shares are and the structure has to be tight. In contrast Jaguar Financial has about 10 million shares out and the guys behind the deal are rumoured to now hold about 7 million. They won't likely roll themselves back but even if they do you know it will be insignificant compared to the gains made ahead of news. Shells are super high risk. Low price means nothing and structure means everything. If I found this by way of a tip my first though would be its way too diluted and with a possible list of thousands of shareholders it would have a hard time getting traction. JMHO
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