Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 inviolablspiriton Jul 27, 2022 12:00pm
168 Views
Post# 34853938

WM chart

WM chartWell, if the market markers get through his week with no green days that would be 20 days straight of this stock closing in the red or neutral (i.e. one whole month of trading). It's completely ridiculous! If you go back to the chart and start on June 7, the stock has only closed in the green 4 days total out of 36 trading days. Typically a stock gets a few bounces like you see when this stock first started it's decline. It's not too often an investor ever sees no bounces at all in a stocks decline. I've seen stocks with no potential get crushed in the market that still had more green days in two months of trading than WM. I'm now curious to see how low an RSI can drop below the oversold. This stock may be a good example of what happens when the "tick test" or uptick rule has been removed from the exchange and an institution or a company is able to take advantage of that defect in the regulations. Considering the company currently has 4.3 million ounces of mineable gold in the ground and lots of potential, this is pretty obvious the stock is purposely being manipulated down for a reason. I am more than happy to continue buying shares at this price or lower to see what that reason is. Is Kirkland... oops my mistake... Agnico taking a larger stake in the company for a potential offer? Or just increasing their shares for the rebound. Is Sprott also taking advantage of this low price and increasing their shares. However, if Sprott crosses over that 20% share level, I believe there would need to be a news release, as this becomes a whole different situation when a company takes 20% of a stock. At this time they have remained under that 20% level. Time will tell.
<< Previous
Bullboard Posts
Next >>