RE:RE:RE:What is going on"A better question to ask is who is doing all the selling and how many more shares are yet to be sold. Anon has been leading the selling."
IMO, the bulk of selling activity has been rooted in frustrated retail investors. Meanwhile, and just as important is the lack of buying activity. As a frustrated investor myself, I have not sold any shares but I did make a decision NOT to buy additional shares til such time Quill and Burnash are on the table.
I'm in agreement with Chen Lin:
"....this is one of the few mines that will get built despite the weakness in the metal price."
The problem "at present" is that with another PP around the corner and nothing but infill drilling and boring studies (yes, I said that) on the docket, WG pretty much equates to "dead money". How long this might last is really rooted in management imo. Put another way, when they think they have loaded themselves up with enough cheap shares, then they might let loose on a few fireworks like exploration drilling. In their defense, however, the deposit has to be advanced and they have no control over the current environment. Here, dilution has to be better managed. But with a low stock price and no cash flow from Shakespeare, the wait game is for the market to turn around. And make no mistake, it will - but when?
To close, two catalysts I have on the horizon is publishing the PEA onto Sedar and the PDAC show in early March. If the retail investor is lacking, then hopefully some institutional investors can be ushered in to get the stock price moving.