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West Red Lake Gold Mines Ltd WRLGF


Primary Symbol: V.WRLG Alternate Symbol(s):  V.WRLG.WT | WLGMF | V.WRLG.WT.A | V.WRLG.NT.U | V.WRLG.WT.B

West Red Lake Gold Mines Ltd. is a Canada-based mineral exploration company. The Company is focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 square kilometers (km2) highly prospective land package in the Red Lake district of Ontario. The Madsen Property comprises a contiguous group of approximately 251 mining leases, mining patents and unpatented mining claims covering an aggregate area of 4,648 hectares (46.5 km2). It also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km2 including three past producing gold mines: Rowan, Mount Jamie, and Red Summit. The Rowan Property is comprised of 146 claims, including 58 patented claims, 20 leased, 65 staked crowns and three under license of occupation. The 3,100-hectare Rowan Property covers 12 km of strike length on the regional east-west trending Pipestone Bay St Paul Deformation Zone.


TSXV:WRLG - Post by User

Comment by marketsenseon May 17, 2024 1:28pm
188 Views
Post# 36045867

RE:RE:RE:RE:RE:RE:Quite the chart lately….

RE:RE:RE:RE:RE:RE:Quite the chart lately….Agree 100%.  The fallout from these financings are a necessary evil.  WRLG gets the
money but holders get the temporary shaft.  The institutions make out like bandits
as well as big pocketed insiders.  They dump their stock from the units and keep the
warrants for free.  License to make money at everyone else's expense.

If that isn't enough,  they even go short knowing their own dumping will cause a drop.
Then cover making their book.  Lastly their free warrants can be held for big profits
or if everything works out,  exercise them in exchange for shares in a longer term
hold strategy.  That all said,  the money from the financing is essential to getting
Madsen Lake up and running.  Once the fallout from the financing gets absorbed,
the market will start to tighten up.  The only smart thing us small guys can do is
keep buying while the stock is still cheap.
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