Wesdome Gold Mines Ltd T.WDO

When the Dust Settles

[GoldBandit]

For me, the fundamentals with Wesdome have not changed. Everything that sent this stock to 16 bucks a share is still in play. Bonanza grades, 100% operational Kiena mill, etc. The delay in timelines was a matter of circumstance. Supply chain issues caused by the plandemic affected everything. I personally witnessed supply chain issues in other industries that affected project delivery. Many bizarre predicaments businesses found themselves in and nothing they could do about it. Same with WDO, not having the equipment to do the job is going to hamper your progress.

I think WDO executive did an abysmal job in managing the delays, and keeping investors informed, though. As a result when the bad news breaks you have millions and millions of pizzed off shares.... waiting to get dumped for the tax loss. Then you have the market sharks shorting the stock to bust it even lower. Owning those millions of shares are pizzed off shareholders that don't have much to be happy about, many down a pile of cash and saying WTF? For me, this is the disaster. However, it is also the opportunity.

The last time I saw Wesdome get pummeled like this Tom Stanley and his Resolute Funds dumped their 20% position. It cratered the shared price, see the picture below. I made a small fortune on the rebound of that. I see the same thing here, right now. This is where very excellent returns are made. A stock price that has been beaten to a pulp but the fundamentals are still there.

What's the price? We're at a point where there will be some dilution. The good news is WDO doesn't have a huge amount of shares out and I don't think they will issue a lot of shares either. All the financing is in place. All the required equipment is being used right now.

It is less than 10 months to the high grade gold. At some point the negativity is going to change and the focus will be back to the stellar grades and the fact that WDO is closing in on mining it. When the dust settles WDO is not going to be at 6 bucks, not even close.

[GoldBandit]

Not sure why the picture didn't get posted so here it is...

[7tapas]

Apparently, Deep A reserve is lower grade than Eagle high grade, so I'm moving my dump trucks elsewhere.

[GoldBandit]

Seems like a good thing to me. Stellar grades at one mine,open along strike, and even better grades at the other mine.

[bossu]

Too bad for you, but you d'ont undestand the ''real''storey.. Should be back at $ 10 in six month or earlier...

[Woodporter]

Hey Bandit. Just reviewed your post of March 9. Hell of a post! Everyone who reads this should go back and read it one more time.

[GoldBandit]

Thank you... I'm all in. I think I'm going to make another killing with WDO. The 129 level is very close now and I also strongly believe that the gold price is going to move much higher this fall. Those two events are going be the catalyst to send the share price soaring. The last year has been a shorters playground. In and out, up and down, the pros play this like a puppet on strings

[TimeBuilder]

GOOD READ   IMO Hope you can view the  original posting by clicking  &  used the "previous" post option..

[TimeBuilder]

Didnot work  Sorry Tried to copy the  orginal message/posting

[TimeBuilder]

Good Read  IMO

[Woodporter]

Here is Banits original post of March 9

[TimeBuilder]

THANK YOU Woodporter for copy ;>) This OLD man still has to learn how to do that  lol Regards TimeBuilder