RE:RE:RE:RE:RE:RE:RE:Hoping for news end of monthso spending 300k on advertising while you annouce a pp at 9 cents...... then the sp goes to 18 cent and back down to 9-12 cent once pp closed isnt a pump and dump > ? Pallisade has done several pps and the result has been the same each time just look at the history............. Im not saying WGC is a bad company but its time to execute and start making some money. Sp should be at 18 cents right now with current developments imo yet we trickle and have no interests from investors........
GB
sclarda wrote: Smalltimer44 wrote
As far as I have heard NO insiders have sold any shares, so this isn't a pump and dump.
They are going about the business of putting the mine into production and thats great by me. Pallasides would not have invested if they thought this was not a future 10 bagger.
Did you take the time to look up who pallisades is?
If anyone wants more stock, this is a great buying opportunity as these prices will not stay here for ever. I personall think this stock has tremendous growth potential at current prices and if gold and silver reach prices that some analysts are predictinh over the coming years. Winston Gold will be 30 to 40x bagger.
Everyone nowadays expects returns instantly, thats not how good companies operate. The fact that they don't try to hype it all the time is actually a positive. Not many sellers at these prices, get it while you can.
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Good post. When i first heard of Winston gold awhile ago on another message board i looked into it thinking it was just another "Moose pasture" being promoted as the next big thing. Having looked at and invested in many junior gold miners over the years it quickly became apparent that this company was not like most of them.
First of all the grades here are very rich and there seems to be good potential to find a lot more gold. Just as importantly the management here is also very experienced and have a lot of their own money invested in this company. They also had some underground developments previously done along with a small permitted production facility that they are leasing and have an agreement to purchase.
Even with all these advantages it takes time to put everything together and get to a profit producing mine. A previous poster wondered what was going on and why they needed a financing as the company was producing gold. The news release on Feb 5 stated that they were just ramping up the mill with low grade ore. They produced roughly 15 ounces of gold during January which equals aprox. $25 000 US at todays gold prices. They did not state if they had even sold that gold concentrate yet just that they had produced it.
At the same time they are still upgrading the mill and building more tailings ponds along with crews doing underground mining and development and other crews running the mill. With all this going on and the costs of it and with $25000 in revenue if they sold and were payed for all the gold produced in January your wondering why they had to do a private placement? Dont be surprised if they announce another one before its all over. The good thing as pointed out by you is that someone is willing to give them money which means that they believe in this company.
These are small junior miners and having watched many of them try to start up a mine over the years what is happening here is very typical as there are always problems starting up a mine and it nearly always costs more and takes more time to get things going than previously estimated.
Most of these types of junior miners seem to end up either going broke or just meandering around directionless and profitless except for management who draw a steady paycheck for years and years usually with endless dillution of shareholders while promising great things for shareholders right around the next corner or two.
Personally having looked at and invested in many of these juniors ove the years making a lot and losing even more money those hard lessons have taught me what to look for and this company is one of the few that i have seen that seems to have everything going for it.
At the same time these are high risk, high potential reward stocks and there are no guarantees and this company could easily end up going broke or not going anywhere like a lot if not most juniors miners. These type of stocks are not for everyone.
For those who do belive and want to invest the words of Jessie Livermore seem to be appropriate for this situation.
"After spending many years in Wall Street and after making and losing many millions of dollars i want to tell you this: It was never my thinking that made the big money for me. It was always my sitting. Got that? My SITTING TIGHT."
Good luck to all.