Westgold Resources Ord Shs T.WGX

138k in shares wipes out 100 million in market cap

[Cameroon]

With little bitty trades at a time, we drop 5% today.  Its a big game for some. 
I can only hope this is someone shorting WGX and their day of reckoning will soon come.
As gold sets new all time highs, up over 10 percent in the last month, WGX has dropped about that much. 

[Rainman01]

I have figured about 125 million they have wiped out alone. 

[Odinson]

Need to wonder what is the motive behind the beat down. Shake out the weak hands pehaps? Hostile take over?

[Odinson]

I picked up some more today, they came in in little drips and drabs of sometimes 100 shares. Often when I have put in a buy, it might take one or two blocks but today ...... not the case. Someone is definitely playing the game.

[Odinson]

Is there not a governing body that oversees the operation of these trading platforms? What has been happening is pretty close to or actual fraud! Those doing the manipulation need to be brought under a very bright light!  The trading platforms are losing credibility by not taking some concrete action!

[Rainman01]

I agree 100 % . The regulators for the TSX are bought and paid for by big institutions no other explanation for this price action. We have no oversight for TSX or something would already have been done to stop the institutions from the destruction of market capital in our mining sectors and other stocks as well. Our current government is a joke and the Canadian stock market is right behind them

[Odinson]

Wonder how we can get them to do the job that they are getting paid to do? Maybe we need to get some branch of government to look into the antics of those doing the manipulation and those complicit.

[Rainman01]

The main people behind Save Canadian Mining have told government and regulatory bodies about the criminal activities in the TSX and they have done nothing. There is a court case coming up in BC courts that could help change the way things are done in Canada moving forward. This all takes time and money and I am hoping that our share price moves long before the court case is done because it could

[Odinson]

We had a similar "beat down"  with Karora. Others don't seem to be affected as badly.