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Winston Gold Corp C.WGC

Alternate Symbol(s):  WGMCF

Winston Gold Corp. is a Canada-based junior mining company focused on advancing mining opportunities into production. The Company’s Winston District Gold Project is situated approximately 18 miles (30 kilometers) southeast of the capital of Helena, and approximately two miles (3.2 kilometers) southwest of the small community of Winston. The Winston Mining District is located approximately 37 kilometers southeast of Helena, Montana.


CSE:WGC - Post by User

Bullboard Posts
Post by ArchimedesBon Feb 14, 2019 5:56pm
98 Views
Post# 29367222

When working capital deficit is a problem

When working capital deficit is a problem
WGC already piled a lot of debt.
We don't have bulk sampling reported.
Last reported picture of Winston property was Sep 11, 2018 - here

Latest NR from NORDIC GOLD CORP $NOR.V cut their market cap by ~70%. LINK
I will quote just one paragraph:
"Although the Company was funded to production by a gold forward sale and a loan, Nordic began operations with a working capital deficit and has continued operating with a working capital deficit to date. Over the last 14 months, significant efforts have gone into finding additional lenders and investors to remedy this situation but these have been unsuccessful due to market conditions and the structure of the Company’s financing."

WGC management haven't provided further update on their progress from September 2018.

They did disclose their annual compensations (see Table of Compensation SEDAR filing), though: $130k for Murray Nye and $130k for Max Polinsky, for year 2017
Bullboard Posts