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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 engaged in the exploration and sustainable development of gold projects along the Detour-Fenelon Gold Trend in Quebec's Northern Abitibi region. The Company is focused on advancing its 100% owned Fenelon project and Martiniere project. The projects are situated within the Company's approximately 830 square kilometer (km2) Detour-Fenelon Gold Trend Property located in the Nord-du-Quebec administrative region approximately 75 kilometers (km) west-northwest of the town of Matagami, in the province of Quebec, Canada. Its Detour-Fenelon Gold Trend projects include Casault, Detour East, Grasset Gold, Harri and Doigt. The Company owns a 100% interest in the Nantel property. Its other gold assets include Hwy 810, Beschefer and N2 Property. The Grasset gold property is located immediately east of and adjoins the Fenelon property. The Company also holds approximately 15.8% interest in the common shares of NorthX Nickel Corp.


TSX:WM - Post by User

Comment by yoda2on Dec 09, 2015 7:38am
240 Views
Post# 24368046

RE:RE:no brainer ??

RE:RE:no brainer ??

It seems WM has never really been a no-brainer.

It seems to be a management controlled company and as has been said by some, some mining companies are really in the business of mining their shareholders.

it would have been great as suggested on this board and to WM management that they dividend out their interest in DM to WM sharholders so that each WM shareholder could decide if he wished to sell DM at its lofty price levels. Instead they used the DM investment to attract new shareholders and dilute the existing shareholders. I raise this to reinforce the observation that WM management may work for WM management rather than WM shareholders.

At this point we can hope for luck and that one of their properties turns out to a big winner. Or, someone could take it over with a share exchange. hopefully on an unsolicited basis.

In the meantime Dec tax loss selling could really shake the share price lower.








 

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