RE:RE:RE:Re Wesdome 's FutureI don't blame management if they were currently running the entire show below potential for the time being. Why sell the gold at suppressed prices, plus also allow for the current producer inflation surge to dissipate. Additionally, it allows it's large holders greater opportunity to acquire even more on the cheap. Exploration results continue to be very sparse also.
Back in late spring of 2016 large shareholder Resolute Funds, run by Tom Stanley, attempted to shake up the Wesdome board room so as to create a force sale of the company, he felt the assets were being held back from their potential. We all had a vote in this and he failed in this attempt. Mere weeks after, Duncan Middlemiss came on board as new CEO, then approximately 2 months later the discovery of Kiena Deep. Very nice move overall on Wesdome's part!
The company is currently primed to get a takeout bid at this crazy low, even though we are finally on the cusp of Kiena declaring commercial production. I wouldn't be surprised if the company is armed with another powerful upside surprise should the need to defend itself arises again.