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Wallbridge Mining Company Ltd T.WM

Alternate Symbol(s):  WLBMF

Wallbridge Mining Company Limited is a Canada-based company, which is focused on exploration and sustainable development of gold projects. The Company’s flagship project, Fenelon Gold (Fenelon), is located on the highly prospective Detour-Fenelon Gold Trend Property in Quebec’s Northern Abitibi region. The Company’s Martiniere project is located approximately 110 kilometers (km) west of the town of Matagami and 150 km north of Amos, Quebec, Canada. The Company’s Beschefer project covers 6.47 square kilometers (km2) and is located 28 km southwest of the Fenelon Gold project. The Company also holds a 19.9% interest in the Archer Exploration Corp. (Archer). Archer holds a portfolio of nickel assets in Ontario and Quebec.


TSX:WM - Post by User

Post by CEHon Apr 16, 2013 6:22pm
234 Views
Post# 21260819

Consolidation---------

Consolidation---------

In may cases consolidation is a negative but not sure that is the case with WM. Maybe it will make it easier for the market to give credit to WM for the value of it's holding in DM . Based on my calulations with the consolidation there will be 22.5 million shares outstanding . WM owns 10.1 million shares of WM so one new share of WM will have almost one half ( to be more exact about 45%) of a share of DM behind it an easier relationship to grasp than 10 million divivided by 162 million. It may mean that the WM shares will move more in tandem with the DM shares. My observation has been that in the last year or more there has been little relationship between the price of DM and WM .Bottom line is WM is real company with real assets with a management that is working to realize on them for example Broken Hammer . I do not think that the consolidation changes anything and may indeed end up being a positive.

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