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West High Yield (W.H.Y) Resources Ltd V.WHY

Alternate Symbol(s):  WHYRF

West High Yield (WHY) Resources Ltd is a Canada-based junior mining exploration and development company. The Company is focused on the acquisition, exploration, and development of mineral resource properties in Canada with a primary objective to develop its Record Ridge magnesium, silica, and nickel deposit using green processing techniques to minimize waste and CO2 emissions. Its Record Ridge magnesium deposit is situated approximately 10 kilometers (kms) southwest of Rossland, British Columbia and has approximately 10.6 million tons of contained magnesium. The Company retains 100% of the mineral rights to the Record Ridge Property, which consists of 29 contiguous mineral claims, eight crown-granted claims, and one privately owned claim totaling 8,972 hectares.


TSXV:WHY - Post by User

Post by dmacdon Mar 22, 2021 2:05pm
124 Views
Post# 32851321

Classic Manipulation of SP

Classic Manipulation of SPIn the past 2 months, less than 1M shares traded hands to drive the SP down while funds are being raised. Manipulation of capitulation ... not sure but I suspect the former. I have done substantial due diligence and recently added to my position. Risk is there but so is 50 to 200x potential share upside. The PEA for MgO is fir a fraction of the deposit. This is a world class play selling for a penny on the value. We must need Eric Sprott or Osisko or another big money player to enter the green MgO space. Low risk ... easy development ... high returns. Should be a no brainer for anyone with a mining background to see WHY as the real deal. 100x should make shareholders who keep the faith happy. I understand the loan issue. The shareholders could be less exposed but the loan kept the company afloat with minimal dilution. The bigger risk is that manipulators cast doubt and prevent an effective capital raise since we need cash inflow to make things move forward. It will happen and those who invest now will be well rewarded. Perhaps it is time for a different capital raise strategy. Let's see if the current offering closes successfully before second guessing management though.
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