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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 Nov 02, 2024 1:40am
76 Views
Post# 36293398

RE:RE:RE:RE:West Red Lake Gold will only tread water for so long

RE:RE:RE:RE:West Red Lake Gold will only tread water for so longNeither would I against you Twiggy.  I think we understand pretty well how this is
going to go.  Those inside buys corroborate the playbook in text book like fashion and
dovetail nicely with the timing of the short sales which drove the stock down to levels
that guaranteed a profit to the bought deal investors.  So they sold their stock short 
and made a profit and now have their free warrants which also guarantee them a profit  .They will make double profits off their bought deal.  Nice double payday for minimal effort and virtually risk free.

Unfortunately for the average investor,  they are not in the privileged circle so they
take it on the chin while this exercise is played out.  It might seem cynical but that's
just reality and most average investors have no clue what's going on.  That is the 
world we are living in when it comes to investing.  After all that said,  I like this
set up more than ever and we are not far off from a nice reversal IMO.


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