Winston Gold Corp WGMCF

RE:RE:RE:RE:RE:RE:RE:RE:RE:Hoping for news end of month

[goldboyz2]

BID now at 11.5 cent................ 

sclarda wrote: goldboyz2  wrote

so 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. 


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Trying to follow your thinking and logic is very hard as you dont make a lot of sense. 

Because the shareprice swings violently in both directions all of a sudden its a pump and dump?  This is a micro cap junior and these kinds of stocks can have wild swings all the time.  If you want shareprice stability you should buy some stable large cap. companies.

As another poster asked you do you know if Pallisades has dumped a lot of shares or are you just thinking they might have done that. You should be careful of making those types of accusations unless you have proof. 

The shareprice has gone from 9 to 18 cents and back down a few times.   How come you didnt sell your shares at 18 cents?  You didnt sell because you thought the shareprice was going to go a lot higher and you would make a lot of money. Looks like you were wrong  and now that the shareprice is back down to 12 cents you are jealous of those who sold at 18 cents.  

Maybe next time the shareprice gets back to 18 cents you should sell and then wait for it to go back down to 12.  What if the mine starts producing and the shareprice goes up to 75 cents?  You would be left behind  and miss potentially very large profits waiting to get back in a few cents lower.

You make the decisions of when to buy, hold or sell shares of this or any company.  Now that things have not gone your way you whine and pout  and see a lot of conspiracies and tell everyone that the shareprice should be at 18 cents.  How rich you would be if you got to decide where the shareprice should be.  The shareprice should be wherever the market says it should be.

As investors all we can do is look at a company and try to determine as best we can  what the future prospects and profits of the company will be. Then we look at the current  shareprice and market cap.  to try and determine whether the stock is a good buy or not. An educated guess is the best we can do and all kinds of unforseen things may change the eventual outcome.

Then we have to give the company time to see if it does perform as promised. If things do go well we hopefully have made some nice profits and can sell out and if things dont work  after we have allowed ample time  and we run out of patience we can sell out and move on hopefully with not to big of a loss.

Trying to follow the sharprice everyday and complain and  see all kinds of conspiriacies when it does not go where you think it should on your schedule is not vary smart investing if you ask me.