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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

Post by grasspriet11on May 25, 2022 2:32pm
236 Views
Post# 34706975

Number of shares

Number of shares

Because of all the private placements Wallbridge has already 882 million of shares.  Thats a lot for only being a junior mine.   When you need more money at such a low share price.......And at the end only one thing is important : the profit per share.  

Because of the higher inflation the costprice to build a mine becomes a lot more expensive then before. That's also the reason why takeover premiums become lower and lower.  The most logical what can happen if the projects seems profitable is a takeover by Agnico.  

But Corrower.  What are you hoping for?   A share price of 2 cad?   I think you will have to be happy with 0,5 cad in the best part. 


Selling Wallbridge shares at the actual price makes no sense.  But I already want to be ready to participate in the profits because of the coming higher gold prices.    And from that stand of view Wallbridge is death money  


My logical choice :Agnico Eagle Mines.  Agnico is destroying shares for 500 million usd.  That's the opposit of a private placement.  

 

 

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