Wesdome Gold Mines Ltd WDOFF

Next Communication = Q4 Production... then expect Crickets

[snowshoedb]

I expect production numbers this week... lets see if they come even close to the revised guidence.

I then expect silence until the year end financials are posted.

I suspect that there will be some better communication before the next AGM with respect to the exploration drilling so as to calm shareholders and reduce the venting because of missed guidence, additional costs and delays on commissioning due to supply chain snafu's and poor QA evident on the hoist wire quality.

These delays were certainly costly because existing Shareholders are staring at a 10% at the market dilution. This is a far cry from the pre tax IRR of 135% and Kiena CAPEX funded from Eagle Mine internal cash flows.

Let see if the company can recover with some timely good news. It will certainly be an interesing AGM.

[schnutzy]

am i correct in assuming the kiena mill is now a 7 day operation compared to only 4 since they declared commercial op at bedinning of dec?  if that is true , then that would be a 75% increase in production by itself. then add  the higher grade on top. im sure they would make their low end of the revised guidance. my thinking here is ,that the crickets are getting louder. has been

[steve957]

WDO is becoming a more and more attractive takeover target  !!!  especially if gold keeps going up,,, they are procesing more ore since anouncing comercial production so AISC should go down,,the rise in gold prices will help too,,,will be nice to hear what they guied for in 2023

[snowshoedb]

At this point we don't really knoiw if they are processing more ore. I have an uncomfortable feeling that they are having trouble doing both development work and mining work. It makes no sense that they had to increase the lending lines twice when the Kienna project was supposed to be funded out of cash flow from Eagle. Even the presentation says  I know there would always be a funding

[steve957]

i think when you declare comercial production, you are doing more mining then when you were not @ comercial production,,,,and  probally cause credit is expensive and dont want to pay to much interst, maybe he is selling shares right into the hands of the new owner ??  who knows eather way we will find out soon i guess, Duncan has a good track record i feel confident it wil be back on

[pfm1998]

Hey there .... crickets is right! Don't understand the radio silence! Any chance they are in discussions? It's as though everyone at the company doesnt work there any more. IR was always terrible to start off with! Where is everyone?

[steve957]

yea 18.50 a share all cash deal :) 

[pfm1998]

Would be nice though undervalues but given the share price lagging would not be surprised if shareholders take a deal..... of course that's if there is a deal that surfaces. Have heard od anything going on?

[snowshoedb]

There is no way that there are discussions going on for the sale of the company. They are just starting up operations and people will want to see if the mine is as good as expected. Until they can demonstrate strong operations, and that the property has other opportunities for mineralized Deposits of significant size… Nobody will make an offer.  once they have the risked the mind, and have

[pfm1998]

AEM being right next door and given the recent COO hire from AEM makes sense.  I get the impression lately that WDO management has been avoiding everyone .. just my opinion but all the press releases regarding ATM/ financings, bank lines in conjunction with the 2022 targets missed todate and the aggressive Q4 targets which they will be releasing shortly I'm wonder if Duncan has crossed

[snowshoedb]

Do you think anyone from WDO management ever reads any of the commentaries posted on Bullboards? if they do… They should see that the sentiment of the current shareholder base is not happy with their lack of communication. I would anticipate that management should be concerned about how the Joe Street investor perceives management, and what they think about the Wesdome brand. if I were Duncan, I

[steve957]

not something i concern my self with,,,but i am loving this buying oppertuinty,,, two teir 1 hi grade gold mines located in canada 10 grams a ton, one mine financed with earnings from the other,,i dont think duncan has soiled his name, more like a mining legend !!   A soiled name would be someone like sam bankman freid, joe biden, etc  lol