Wallbridge Mining Company Ltd T.WM

RE:RE:RE:RE:RE:RE:RE:Just Out NEWS!!!!

[Paray99]

VilleVanSpurs wrote:

inviolablspirit wrote: And so how does this change the fact that Kirkland Lake still owns 9.8% of WM?  It doesn't!  This merger took place back in February.  The fact that they merged under Agnico Eagle's name doesn't mean Kirkland Lake no longer exists.  Clearly they still do, just under a new name.  It was a merger of equals.  

Sorry, if I don't follow every news release in the gold sector, especially when I'm no longer invested in that sector.  I invest in a variety of sectors and continually move money around when I see great deals. And this is a great deal at this price.   I've stayed out of the gold sector over the last a year for various reasons and when inflation hit this certainly paid off.  In that time, I don't worry about what's going on in a sector if I am no longer invested in it, I focus on the ones I am invested in.  And now it's time to come back and focus on some gold stocks again.  We have gold stocks hitting 3-5 year lows, inflation will begin to decrease, the seasonal cycle for gold is beginning, over 4.3 million ounces of gold in the ground and institutions are clearly either taking a position in WM or increasing their postitions in WM.  So I don't see too much of a down side in this investment.  Also, do know what one of the key words in their presentation is?  NO DEBT! 

VilleVanSpurs wrote:

inviolablspirit wrote: What do you mean, Kirkland Lake doesn't exist anymore?  You may want to check the most recent July 2022 presentation.  Kirkland owns 9.8% of the stock.  So unless I'm missing a news release since the posting of this presentation, I can only go on what is posted by the company and their news releases.  A change of 9.8% ownership would be significant news and I don't see any news release on Kirkland Lake between the dates of the presentation and today.  I would appreciate any information you can add that I am not seeing.  

VilleVanSpurs wrote:

inviolablspirit wrote: Visible gold in a number of shallow core samples and some very high g/t Au in some deeper ones, but over a small distance.  It looks like they would likely open pit some of the shallow areas for the first 200m - 300m or so and then target the veins for the higher grades and underground mine them.  That is if they are not acquired at these low prices.  

Many Gold stocks are on the rise today and gold prices look to be stabilizing, so today and tomorrow (i.e. after Fed announcement) may be a last ditch effort to grab more shares from retail investors and get them into the hands of the institutions.  Retail investors hold just slightly over 50% of the shares.  I wouldn't be surprised if after the decimation of the share price the majority of the shares will now be in the hands of the institutions, Sprott, Kirkland, etc...  

I think Sprott would be a seller but since he has too many to sell so he will be a donater and Kirkland  doesnt exist anymore.

I dont think you know what youre talking about.



Ville

 

Well I could leave you to flap in the wind I suppose but I am a kind and gentle human bean.

Kl is gone . It was "merger of equallied" with Aem. Tony is gone and Aem runs it all now.

So much for what you know about mining. You should stick to your cannabis stocks.




Ville

 

Good to know you really were clueless on the merger.

Let me ask you another question then, one I like to ask newbie gold investors like you who always get it wrong.

How many ozs in a gm?

if you cant answer something as basic as that you have no business investing in the sector.

Good luck.





Ville:)

How many ozs in a gram??? What an idiot!