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Wesdome Gold Mines Ltd T.WDO

Alternate Symbol(s):  WDOFF

Wesdome Gold Mines Ltd. is a Canadian-focused gold producer with two high grade underground assets, the Eagle River mine in Ontario and the Kiena mine in Quebec. The Company has an exploration program both underground and on the surface within the mine area and more regionally at both the Eagle River and Kiena Complex. The Eagle River Underground Mine is located 50 kilometers west of Wawa, Ontario. The Eagle River underground mine near Wawa, Ontario is producing gold at a rate of 80,000 to 90,000 ounces per year. The Kiena Mine is located in the highly prospective Val d’Or, Quebec gold camp. The Kiena Mine is a fully permitted, integrated mining and milling infrastructure which includes a 930-meter production shaft and 2,000 tons-per-day capacity mill. The Kiena Mine Complex consists of the Kiena Mine concession, Kiena Mill, related infrastructure and equipment and land position in the Township of Dubuisson, Quebec.


TSX:WDO - Post by User

Comment by GoldBanditon Feb 01, 2023 11:41am
157 Views
Post# 35259626

RE:RE:RE:RE:RE:Oversold

RE:RE:RE:RE:RE:OversoldAll good points. I believe the value is there but it will take a little while longer to get to the honey pot. One year goes by quickly. They have the backup funding in place. How much they need is an open question. Someone will get to the honey pot as it is worth a lot. If Wesdome gets there we're going way higher, even with some financial strain this year. At 6 bucks this is under valued so if a take out happens it will be at a big premium to this. One way or another the price is going much higher than 6 bucks once the shock of the situation settles.

I have a very large position and I'm going to hold it. My biggest pizz off is the poor communications. They knew that supply chain issues have been hampering progress and they said Sweet F All and let the pumpers blow the share price higher than it should have reached. The same gang that pushed it up is no doubt shorting it like crazy now to make hay on both ends. I think the short position is around 2.5 million and that is enough to move the shareprice around it you do it strategically.

I'm going with Jesse Livermore's...

“Be Right And Sit Tight.”

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