Wesdome Gold Mines Ltd WDOFF

why the bid miss?

[buff44]

Can someone tell us how the street thougtht earning to be .44 cents and they came in at .02?

[HoneyBadger77]

Sure that's easy.  When the street (Instituional Investors) see a good thing and they want to buy more cheap shares they estimate earnings much higher so that the retail investors will sell off their cheap shares to them.  This is all part of the game they play. Solution is to learn how to do your own research and calculations and you'll know when a stock is cheap and when it

[buff44]

What you say HB77 may be very true but that didn't answer my question. So if any body else out there knows the reason for such a big miss I'd love to know.  BTW, I've been a share holder since $2.00 us and have no intentions of selling.

[HoneyBadger77]

According to Amber on BNN (Bloomberg Business News Network), she indicated on the show that the main reason for the miss in Q4 earnings were: Net income and adjusted net income for the fourth quarter of 2023 of $2.4 million ($0.02 per share). The quarter included a non-cash deferred tax impact of $8.6 million but was still $5.9 million higher than the corresponding period in 2022. Here'

[HoneyBadger77]

Not sure what you mean by such a big miss / difference in analyst estimates from actual earnings? According to RBC Direct Investing, 2023 Q4 consensus was for a .01 cent net loss and they came in at a .02 cents net gain.  Not sure why this RBC info indicates that earnings were reported on Jan 15th, 2024 but that's what it says.   2023 Q4 Previous Estimate

[buff44]

Ok, thanks for that.  I just found another source, The Globe and Mail, and the anylists there were on average close to what they made.  So, now I'm wondering why the disappointment by some when the gold market and gdx was so strong?

[Woodporter]

The stock was ripe for a pullback because of the large recent gains relative to most of the other miners. Today's action also looks like the initial softness set off a bit of a panic.  The quarter was weak on earnings, but that is the wrong metric to focus on, and was also expected. As Bandit has highlighted, they have some superbly better years coming. Free cash flow should be

[GoldBandit]

There was no disappointment at all. There were sharks shorting the stock to trip the stops and pick up the shares cheap. There are not that many PM stocks that can be punted around right now because MOST of them are at the bottom. WDO is trending higher due to the coming increased production, much less AISC, and much higher positive cash flow so it's a target for creating volatility. While