RE:Re Wesdome 's Future"l'd like to ask some of you larger wesdome shareholders on its future?"
I currently hold 80,000 shares, so I might qualify as a larger shareholder.
"Are most of you believers in this company and in the management that exsists now?"
I have been heavily invested and holding in Wesdome through this decline, as I believe it has very solid growth potential. I have not added, mainly because I was already very full in this name.
Both of its operating mines are high grade, and are currently yielding high grade exploration results. This is key for me, as it supports growth going forward. Also, cost increases in all mines will be significant, and high grade operations can withstand those increases much better.
Another key factor for me is my belief that the market has not yet priced in a fully operational Kiena. Once this mine runs at potential, it will be a very profitable company.
I have a good amount of confidence in management, as they have executed very competently over the last several years. My only beef with them is they have not been buyers of their stock on the open market, relying instead on employee stock options (a common thing in miners).