Wallbridge Mining Company Ltd T.WM

Alternate Symbol(s): WLBMF

Metals & Mining Industrial Metals & Minerals

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.

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Wallbridge Mining Company Ltd > takeover is the path forward, price TBD

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Post by Widendumbon Feb 04, 2021 8:12am

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Post# 32468254

takeover is the path forward, price TBD

I think it's quite evident a takeover is the direction management thinks is best way to maximize shareholder value in a reasonable time frame. With gold trading in it's current range (1800-1900) I see the buyout offer being a 40-50% premium above the October (over subscribed) share issue ($1.15). That puts the offer in the 1.60-1.70 range.
If the POG moves into the 2050-2200 range, all bets are off, and north of $3 could be the number. Just my thoughts.

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