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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Wallbridge Mining Company Ltd > New drill program at Grasset

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Post by Paray99 on Aug 24, 2023 9:12am

New drill program at Grasset

The magnetic data looks interesting. Only problem is drill targets from the airborne magnetic data. That is bit of a stupid move, if they don't have any ground resistivity and IP data prior to drilling. WM could do these surveys much cheaper than one drill hole over the entire area.

Sometimes, it is hard to understand what these guys are up to. Hitting something in the hole is not important, but hitting the right target is. That will pay off its investors!

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Comment by pepperino on Aug 24, 2023 10:14am

Interesting. Paray99, Sounds like you know mining and magnetic data. Is it possible they know more than just the magnetic data? I have zero knowledge on this type of activity. I hope it isn't wasted resources and money. Today's announcement is for 5000 metres of drilling. In the company's July presentation they announced 23,500 metres of drilling ...more

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Comment by Paray99 on Aug 25, 2023 9:37am

Hi Pepperino, I am not sure what other data they have to drill. Their press release tells only about airborne mag. Maps show FVD overlaid on TMI (sometimes goes make funny maps, so no comments on that!). The other data could be just some geological mapping. Not sure about any geochemical! Marz is very good at diluting the stocks again and again. Last time he did it right after claiming he ...more

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Comment by Currower on Aug 25, 2023 9:50am

No doubt some ANONYMOUS ENTITY has accumulated through brokerage manipulative trading using Goldman Sachs and Morgan Stanley and has averaged down on the back of innocent Canadian retail shareholders. However ERIC SPROTT has invested close to 70 MILLION Dollars at an average of 42 cents a share. Do you actually believe that he will take less than 4 times his cost of 42 cents a share after 5 years ...more

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Comment by Currower on Aug 25, 2023 10:07am

I assume Paray and Pepperino have not realized that Wallbridge is all cashed up with $23 MILLION and more coming with Quebec Drilling credits. Zzzzyawn

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Comment by pepperino on Aug 25, 2023 9:59am

Thanks Paray99. I am fearful of dilution as well. TBH, I was really hoping someone would take out the company before anything like that would happen. But I don't know if the executives would want to put themselves out of a job, and they don't seem to be buying shares (especially at these low prices) so I do have concerns. I really don't want to see a ...more

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Wallbridge Mining Company Ltd