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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 Dec 16, 2024 3:36pm
149 Views
Post# 36364840

Insider type question

Insider type questionIn that last WRLG clip, Gwen Preston could not say enough about how helpful and important Frank Giustra was to the financing of this play.  I know he holds a lot of shares in the company and I think it was reported that he did not take place in the last financing and that his percentage of the company has dropped below 10%, hence he no longer is considered and insider in terms of buying and selling the stock.  Based on Preston's praise would it be safe to assume he is not selling at this time or is some of the selling pressure coming from him.  Sure would be nice to have the company clarrify that he is not selling and firmly commited to this play and the company. This in itself would move the price up a few notices you would think. Most likely I am one of many that would like the answer to that question.
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