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Westhaven Gold Corp V.WHN

Alternate Symbol(s):  WTHVF

Westhaven Gold Corp. is a Canada-based gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada's newest gold district, the Spences Bridge Gold Belt. The Company controls approximately 60,950 hectares with four gold properties spread along this underexplored belt. Its projects include Shovelnose Gold, Prospect Valley Gold, Skoonka Creek Gold and Skoonka North. The Shovelnose gold property consists of approximately 45 contiguous mineral claims encompassing 41,623 hectares (ha). The Prospect Valley (PV) Gold Property is located roughly 30 kilometers to the west of Merritt, British Columbia and is situated in the Spences Bridge Gold Belt (SBGB) and covers approximately 10,927 ha. The Company owns a 100% interest in the Skoonka Creek project, which is situated near the northern end of the SBGB. The Skoonka North Property consists of three contiguous mineral claims encompassing approximately 6,167 hectares wholly owned by the Company.


TSXV:WHN - Post by User

Bullboard Posts
Comment by Bottleson Nov 25, 2017 12:03pm
111 Views
Post# 27030812

RE:Does anyone know if this was a market order or limit?

RE:Does anyone know if this was a market order or limit?"Full disclosure, I haven’t done a ton of research into why this price jumped, but it looks like one order for 50,000 shares that someone bought either knowingly or not for much higher than market."


I too lack level 2 but I think the asks there tells the story. IMO, someone wanted in prior to drill results and given how thinly this one trades, they opted to take out the asks on the books to secure a position (ie: they most likely have level 2). I can't be certain but I think that is what happened. Being in the states, my broker has a bid of $0.865 and an ask of $0.1337. Got to see the bid price mover higher before I get excited! Hence, I think we just had a determined buyer of shares.

To close, other input would be appreciated but my take is just a blip on the radar screen that might be a hint of things to come should drill results be stellar. More then one JR has skyrocketed on drill results recently and this might help explain why someone would take out these higher asks to secure a desired position. 

GLTA
Bullboard Posts