RE:RE:RE:Better not to have this news when POG is beaten!Just to add to my previous point... Why is Wallbridge a longterm play now?
They were once seen as a junior explorer with an exciting property readily available to them. Lots of time has passed since then, and now it is clear that management wants to take the next step and become a producer instead of just an explorer. This "next step" is a long arduous, boring process. Lots of money will need to be raised, resulting in further share dilution, feasibility studies need to be completed and permits need to be acquired - just to name a few action items. The "juicyness" of exploration plays is now out of this play, so to speak. the juicyness of Wallbridge left the play even faster than normal due to the explosion that the junior mining sector has experienced over the past year, a direct result of COVID-19 and rising PM prices. Many have flocked over to pure exploration/takeover plays such as the ones occuring in the golden triangle of BC. Let me be clear, there is nothing wrong with any those plays, but they are a completely different game.
Unfortunately, many investors are weak hands and are looking for a quick buck, and therefore many have moved on to perceived greener pastures. Unless a buyout happens, this quick buck that many retail investors so badly want, will no longer be found here with Wallbridge. I have been a longterm shareholder of Wallbridge, and I believe they are on a good path towards becoming a producer within the next 5-10 years, unless a buyout happens first. The strategic backing of KL Gold and Sprott continue to be positive signs, but by no means the only one. I hold the patience of stone and will continue to Wallbridge takes the necessary steps to reward shareholders longterm.
GLTA and long on WM.