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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 21, 2024 11:46am
78 Views
Post# 36323947

Waiting for the perfect storm

Waiting for the perfect storm
By the looks of the news release, the operations team is doing their job.  Don't think you can say the same for the financial
minds that put together that last bought deal.  If the intent of the exercise was to hose regular shareholders they sure got it right. 
Looks to me by the size of the asks popping up the bought dealers are still the main sellers, knowing they can get back in with that overly generous
warrant exercise.   Looks to me like  the .55 cent level is around where they are prepared to sell.  Not sure what is going on with those consultants, 
but they have to get their act together and get this think done in a timely fashion. No more taking weekends off and leaving early.
Trotting out The Pres and Gwen is not going to work.  They must realize that this financial mess with the bought deal and the consultants dragging
their feet has made them look very foolish.  Hopefully we can look forward to the perfect storm in January.   Consultant report finally
finalized, buy backs from those that sold during the tax selling season, resource base continued to be extended and gold prices continuing to move up.
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