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Wesdome Gold Mines Ltd T.WDO

Alternate Symbol(s):  WDOFF

Wesdome Gold Mines Ltd. is a Canadian-focused gold producer with two high grade underground assets, the Eagle River mine in Ontario and the Kiena mine in Quebec. The Company has an exploration program both underground and on the surface within the mine area and more regionally at both the Eagle River and Kiena Complex. The Eagle River Underground Mine is located 50 kilometers west of Wawa, Ontario. The Eagle River underground mine near Wawa, Ontario is producing gold at a rate of 80,000 to 90,000 ounces per year. The Kiena Mine is located in the highly prospective Val d’Or, Quebec gold camp. The Kiena Mine is a fully permitted, integrated mining and milling infrastructure which includes a 930-meter production shaft and 2,000 tons-per-day capacity mill. The Kiena Mine Complex consists of the Kiena Mine concession, Kiena Mill, related infrastructure and equipment and land position in the Township of Dubuisson, Quebec.


TSX:WDO - Post by User

Bullboard Posts
Post by Trappist1on Aug 05, 2013 5:05am
260 Views
Post# 21649785

6mm block buyer shows his face

6mm block buyer shows his faceResolute Funds has been identified (more or less as expected) as the 6mio block buyer of previous month, they are adding to their Wesdome holdings and own today 19.324mio shares, good for around 19% of the companies outstanding stock.

As a shareholder i feel very comfortable having a alternative investor as Tom Stanley at the same side of the fence. Resolute Funds have definitely their own way of working. Longer term speaking, with this holding they could easily, if needed, management on their guards.

Q2 figures are to be expected this week

regards,
Trappist
Bullboard Posts