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Bullboard - Stock Discussion Forum Westgold Resources Ord Shs T.WGX

Alternate Symbol(s):  WGXRF

Westgold Resources Limited is a mid-tier gold producer and international gold company. The Company is engaged in the exploration, development and operation of gold mines, primarily in Western Australia. The Company owns and operates all of its underground and open pit mines. Its operations include Murchison Operations, Meekatharra Gold Operations (MGO), Cue Gold Operations (CGO), Bryah... see more

TSX:WGX - Post Discussion

Westgold Resources Ord Shs > Who is shorting ......
View:
Post by Odinson on Sep 16, 2024 10:20am

Who is shorting ......

With continual good news, positive results we see  the share price drop. 
Is there a way to find out who is behind the beat down? If it is another miner, we should start a beat down of our own!
Comment by Rainman01 on Sep 16, 2024 11:16am
I have a feeling it is institutions beating retail investors down to get cheap shares before the index inclusion. Makes no sense at all that our share price keeps falling other than manipulation from the big guys. You have to have nerves of steel to trade in today's stock market. I am holding and waiting because they can't continue to do this without oversight from the regulators. 
Comment by Odinson on Sep 16, 2024 12:39pm
Thank you for the insight, it was much like I suspected. On the upside, it is a good time to buy more!
Comment by FIRSTGMAN on Sep 16, 2024 2:22pm
There is no oversight, they seem to be in on it, or a major part of the problem.  Like George Carlin said "it's a club and we're not in it".  Liars and thieves.
Comment by prem124 on Sep 16, 2024 4:35pm
For 2 out of my 3 accounts I do not have westgold shares yet. Even if I wanted to sell I cannot not. For the record I am.not intending to sell as geopolitics is important to me in my mining investment.
Comment by billfox54 on Sep 18, 2024 1:07pm
Are there people who were involved in the deal, who are just now receiving their shares, having been paid 'in kind', eg lawyers, brokers, etc, who would just dump their shares to get paid?  Any execs or directors who are not along for the ride?  Bill
Comment by Odinson on Sep 18, 2024 2:07pm
It is probably the institutional buyers, they are trying for the best price possible. There is probably a "hold for a predetermined time for the execs and directors"
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