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Wallbridge Mining Company Ltd T.WM

Alternate Symbol(s):  WLBMF

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.


TSX:WM - Post by User

Comment by YetAnother1on May 25, 2021 2:35pm
161 Views
Post# 33261089

RE:RE:i told u a year ago that marz was feckless putz.

RE:RE:i told u a year ago that marz was feckless putz.
tndl wrote: Need to take a different view on this. 

Consider the last 2 private placements.  The most recent one was done for 50%+ more than the market price.  Does bad management do that?

Consider the pp before that.  $1.15 CAD as I recall.  I'd call that incredibly effective and efficient leadership in terms of getting us maximum capital for the number of shares issued.

Take a look at the most recent corp. presentations and announcements.  I don't have a photographic memory, so I can't cite the exact date, but I believe likely the corp. communication the day of or before the AGM.  They stated specifically the most recent permit effort is being held back because they anticipate submitting instead a much larger comprehensive permit to allow a much bigger project.  Sound good to me.  

This management is also responsible for the acquisition of Fenelon (for $3mil) and now multiplying the land mass by a factor of 9x with the acquisition of Balmoral.  

I've bought and held since April '17.  Like everyone else, I'm frustrated with the share direction since Sept. 2020, but consider where we were when I first bought- as low as $0.038 USD.

Incompetent management.  I don't think so.  Give it some more thought and good luck to you.


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