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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 Mar 13, 2024 6:57pm
165 Views
Post# 35931586

RE:RE:RE:RE:RE:why the bid miss?

RE:RE:RE:RE:RE:why the bid miss?

There was no disappointment at all. There were sharks shorting the stock to trip the stops and pick up the shares cheap. There are not that many PM stocks that can be punted around right now because MOST of them are at the bottom. WDO is trending higher due to the coming increased production, much less AISC, and much higher positive cash flow so it's a target for creating volatility.
While trending higher you can make far more money if you can move the the price around. Make money going up and make money going down....

I recommend the Jesse Livermore approach right now, unless you're an expert trader..."...be right and sit tight"

IMHO
 

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