What's up? Noticed that Wesdome is down today. Also some selling by Company Insiders on Canadian Insiders at
https://www.canadianinsider.com/company?menu_tickersearch=wdo
Is this the reason for the fall in price? Is it the gold price or Yellen's - yelling?
When Wesdome showed their initial drill results listed below on 8/24/2016, notice that the uncut results were very high over good distances, then they cut the grade considerably.
Wesdome is very conservative and normally cuts their drill grades, but why so drastically?
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94.35 grams per tonne (g/t) gold over 17.4 metres uncut (18.03 g/t cut) in hole U-6124;
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223.12 g/t gold over 14.25 metres uncut (18.59 g/t cut) in hole U-6125;
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238.81 g/t gold over five metres uncut (15.71 g/t cut) in hole U-6125;
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8.43 g/t gold over 8.2 metres uncut (3.82 g/t cut) in hole U-6130.
The high results in ounce per per tonne were:
94.35/31.103 or 3.03 ounces per tonne over 17.4 metres
223.12/31.103 or 7.17 ounces per tonne over 18.59 metres
238.81/31.103 or 7.68 ounces per tonne over 15.71 metres
and the cut results in ounces per tonne were:
18.03/31.103 or 0.58 ounces per tonne over 17.4 metres
18.59/31.103 or 0.60 ounces per tonne over 18.59 metres
15.71/31.103 or 0.51 ounces per tonne over 15.71 metres
The cuts were drastic. Cutting drill result are standard, especially for Wesdome who is very conservative, but what is effecting the stocks price, Insider sales or the gold price?