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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 27, 2024 12:09pm
82 Views
Post# 36333778

RE:The deposit steadily improving

RE:The deposit steadily improvingTwiggy,  the most sensible advice I have seen so far.  If only everyone could follow it.
Whining and complaining achieves nothing but highlight what is already known and
quite likely to get worse before it gets better.  The selling will continue right through 
Dec as it is tax loss season.  Forget about it until the New Year.  This is not a mine
operational issue.  I agree 100% that its the bought deal investors that are driving it
down to achieve 2 things.  They want the tax loss write off as well as balance their
cash outlay and retain the free warrants.   Its the evil side of unit deals involving 
warrants.  I hate them but WRLG got their money.  Now we have to live with the 
consequences.  Retail guys who are selling out are just succumbing to the negativity
being generated by the bought deal sellers.  If you can't average down,  then just
hold until the selling stops.  Yes it looks ugly  but its only the 1st period.  The game
is far from over IMO.
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