Bullboard - Stock Discussion Forum Wallbridge Mining Company Ltd T.WM

Alternate Symbol(s): WLBMF

Metals & Mining Industrial Metals & Minerals

Wallbridge Mining Company Limited is a Canada-based company, which is engaged in the exploration and sustainable development of gold projects along the Detour-Fenelon Gold Trend in Quebec's Northern Abitibi region. The Company is focused on advancing its 100% owned Fenelon project and Martiniere project. The projects are situated within the Company's approximately 830 square kilometer (km2... see more

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TSX:WM - Post Discussion

Wallbridge Mining Company Ltd > Number of shares

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Post by grasspriet11 on May 25, 2022 2:32pm

Number of shares

Because of all the private placements Wallbridge has already 882 million of shares. Thats a lot for only being a junior mine. When you need more money at such a low share price.......And at the end only one thing is important : the profit per share.

Because of the higher inflation the costprice to build a mine becomes a lot more expensive then before. That's also the reason why takeover premiums become lower and lower. The most logical what can happen if the projects seems profitable is a takeover by Agnico.

But Corrower. What are you hoping for? A share price of 2 cad? I think you will have to be happy with 0,5 cad in the best part.

Selling Wallbridge shares at the actual price makes no sense. But I already want to be ready to participate in the profits because of the coming higher gold prices. And from that stand of view Wallbridge is death money

My logical choice :Agnico Eagle Mines. Agnico is destroying shares for 500 million usd. That's the opposit of a private placement.

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Comment by Currower on May 25, 2022 3:36pm

666000 shares traded . Goldman Sachs the Giant Squid likes that number. Most of the trades as usual sells into bid 500 or 1000 or 2000 shares? Everybody knows the sp is being manipulated down because of the high amount of shares Grassppreit. By who we can make a educated guess? I do not want the company sold for at least 2 years and neither does Eric Sprott. By then the sp will be over $5. Without ...more

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Comment by Currower on May 25, 2022 4:02pm

Brian Christie Vice President Agnico Investor Relations nominated for our Board. Maybe he can ask Morgan Stanley and Goldman Sachs who is manipulating Wallbridge stock. Using them as the intermediary. GLTAL REAL RETAIL WALLBRIDGE INVESTORS.

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Comment by Jetboy1 on May 25, 2022 4:19pm

Well its not hard to sell that many shares in a day seeing as there is so many out, that's a drop in the buckett compaired to the share float. Wall bridge has 850 Million I think some where close, so 666000 is nothing 180 grand chump change. JB

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