Wesdome Gold Mines Ltd WDOFF

Credit Facility...Let us try this again...

[Digger0144]

Back in December, 2022 they increased their credit facility from 80 million to 150 million, one prerequisite was that the Kiena Mine met the industry production  standards to declare commercial production as required by their lenders.

As expected, Wesdome has also received notice from its syndicate of credit providers of a $70 million increase to the Company's existing $80 million-dollar revolving credit facility, for a total of $150 million.

Wesdome Gold Mines Ltd. - Wesdome Declares Commercial Production at the Kiena Mine

It was a prudent move by management to protect their interests and have enough liquidity to sustain both operations as they ramped up production at Kiena.

Present day they have drawn down on the facility and expect by mid-year to of reached a total of 55 million dollars before they can begin to grow cash flow positive moving forward.  (as per last interview)  This is an estimate only and can be revised in real time production...they may have to continue to draw down further moving past June, 2023.

At last count, (Sept./2022) they had a cash balance of 24 million...remains the same todate.

The market may get a little nervous and might put the pressure on them to do a share financing...it will mean dilution...but...I believe it will be very market friendly.  It will be well received...take advantage of the situation to build their positions...a great opportunity for all entities involved in the investment community...to be sure!  Part of the game.

Management must work diligently...they have all the tools in place to make it work...it will take about six months to make the necessary improvements and get back on track....all in due time.  Finding the right people is another issue...there is a lot of competition at this time for skilled labourers.

All the Best!
Digger0144

[GoldBandit]

Yes, I agree. It will be bumpy for the short term but medium-longer term to me looks phenomenal. This is a very good entry point. WDO is so, so close....