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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

Post by 7Twiggyon Nov 05, 2024 3:44pm
113 Views
Post# 36297604

Let the company do their thing.

Let the company do their thing.West Red Lake went a little overboard with that last bought deal. Most likely now have a lot more cash than they need.  Think they realize this. Looks to me like they had this media plan in mind for some time.  Most likely best to ignore this play for awhile and let this bought deal work it's way through.
Most of my better plays I ignored till they got back on track. The fewer negative comments on this board and others the better. Let the company do their thing. As far as I can tell most of us see a lot of value in this play and would not have sold even if the stock moved 20% up.. I am still of the opinion holders will do very well and the warrants could become multi baggers.  Management would not be completing all those insider buys if they thought things were going south.  Would not be surprised to see a lot more insider buys at these levels.
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