Wesdome Gold Mines Ltd WDOFF

The Newmont takeover bid for Newcrest has to help Wesdome

[Woodporter]

It looks like mergers and acquisitions are getting active again. The recent surge in gold price was bound to make some mining execs bolder.

Given Wesdome's current price drop, it has to be seen as a takeover target in an industry rife with majors struggling to replace production and reserves. 

I think we are in for a ride.

[kisedig]

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[GoldBandit]

One way or another this stock is not going to stay at 6 bucks for too long. Two and half years ago it was trading between 10 and 15 bucks based on the off-the-charts drill results at Kiena and the realization that getting to the honey pot starting at the 129 level was going to be a cash printing machine. Now, after world wide procurement issues, the project was delayed for a year. It caused some