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West Red Lake Gold Mines Ltd V.WRLG

Alternate Symbol(s):  WRLGF | 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 Oct 23, 2024 11:21am
111 Views
Post# 36278578

RE:What's with all the selling

RE:What's with all the sellingThis issue has been covered in previous posts.  I outlined the process of what happens
when you do financings with warrants.  There was one another poster who also mentioned the dilutive nature of these types of financings.  You get the paper blown
out right back in your face and it takes a while before it can all be mopped up.  Unfortunately thats how the game is played but WRLG gets their funding.

That said,  you have an excellent mine team and a first class BOD.  That is why this
is worth toughing it out.  This is a longer term (1 yr hold) for me.  Meanwhile,  buy
more if you can.  Each milestone now should have beneficial effects.
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