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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

Comment by dmacdon Mar 30, 2021 3:10pm
62 Views
Post# 32907539

RE:Surprise!!! WHY extends PP closing date and ups to $3M

RE:Surprise!!! WHY extends PP closing date and ups to $3MYour cup is empty. My cup is full. My guess is the exchange granted the increase and extension based on market interest. WHY avoids the 6% commission to deal with broker houses but PPs took a bit longer to close. Generally this could have been done more expediently but we have a lean company and manipulators out there obfuscating reality. Once we get the permits in place things will be more orderly. A small issue given the size of the prize ... minor growing delays but this will not impact 2022 mine startup. I will feel better when the cash is in the bank but I can wait another month and maybe add to my position if the SP drops or take a placement if there is room. SP could also start to climb as soon as the deal closes. That might happen sooner than later. The company cannot extend without demonstrating interest is my understanding based on past experience. My guess is you disappear once WHY has $5M in the bank. I will let you figure out the math there basher dude.
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