Wesdome Gold Mines Ltd WDOFF

TD maintained a buy rating.

[cherman]

I believe people are overreacting. At TD Bank, they maintained a buy rating with $11.5 price target.
 I suggest people who sold should buy back some of their shares. Considering all economical and geopolitical factors, some analysts expect gold to reach $4000 in 2023.

[bossu]

Certain not a good suggestion to buy Guidances are absolutely ''ugly'' Kiena guidance is a big disapointment with a 2023 production of 30/40000 ounces  and grade at only 3,7 /4,7 while the grade was supposed to be almost double !

[steve957]

yea so they should get to the hi grade ore in the fall when gold is passing 3000 an oz,, not the end of the world here, just a set back,, they did produce 35000 oz for q 4 , just keep that up and WDO would beat there guidance,, i think this is a good buying opp  

[snowshoedb]

Kiena will be unprofitable at 4-5 g/ton. They closed the mine previously when grades were under 6 g/t.... over 20 years ago! The stock is going to go down. And won't recover until 2024. The question one must ask themselves now yes, even in 2024 will they be able to execute successfully? I hope this doesn't turn out to be another Hope Bay or Pure Gold. 

[snowshoedb]

liquidated 1/3 of my holdings... will make a decision for another 1/3 in the near future.

[pfm1998]

Mind if I ask what were your 2 largest dissapointments from the PR today that made you sell a third of your position.  Have you had a chance to connect with the company at all today after the PR?

[snowshoedb]

I expect to see gold to appreciate (go up) in price: a) slower pace of interest rate increases b) Inflation to stick around for a few years (cost push inflation = wage driven) which means all commodities should go up. c) US dollar weakness - Expect a big fight on raising the debt ceiling and expecting the US to come close to defaulting on debt. China & Russia will be successful in getting

[pfm1998]

Appreciate your insights ... thanks.

[lickit1234]

stop and be serious. there are thousands of exploration companies with 0 revenue and never a chance to succeed that raise money yearly. at the high end, they 130k oz on 1150 us cash costs for a terrible year is great. they have a 150mm credit line of which maybe a third is tapped.the dust is settling.

[Consvestor]

Well this is a $**t $how!  Management bungling both operations.  Very disappointing as this has been a major long term holding for me.  Selling 1/3 (at least) sounds reasonable.  At best this is dead money for at least a year.