RE:Since September - U.S. markets (Wallbridge down 50%)
It's too many shares for me. I sold shortly after my Balmoral was bought out, & man do I not regret it. There's a lot of ways Wallbridge could have avoided further share dilution (like take another bulk sample & count the millions in profits) but these guys are binging like sailors on shore leave. There is just too many shares outstanding, they must generate handsome profits just to justify today's price. An increase in SP requires further discovery. But it would seem reading the tea leaves that mgmt is in no hurry to produce because a buyout is on the way for Fenelon. Balmoral was a pina colada club for mgmt, bought out for peanuts. I don't know what kind of club Wallbridge is, but they are over diluted & there are just way too many juicy better opportunities in junior Canadian mining right now. I still follow Wallbridge out of curiosity & wish everyone in it good fortune.