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

Alternate Symbol(s):  WLBMF

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

TSX:WM - Post Discussion

Wallbridge Mining Company Ltd > Wallbridge will be taken over 1 day
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Post by Stockpicks96 on Apr 21, 2024 11:35am

Wallbridge will be taken over 1 day

This is almost a guarantee. 5 million ounces of decent grade gold in an A+ jurisdiction for mining. The problem is, and this is something the usual circle jerk pump crew likes to avoid mentioning, is the absolutely bloated share count of over 1 billion shares outstanding. Just how do you get around that? Do you consolidate the shares 20/1 and the watch them tank right after? Because we all know how the market reacts to those.  The reality is Agnico Eagle, who owns a significant stake in WM did not get to the top of the list of major producers buy overpaying for things. No, they wait until things are dirt cheap and then they strike. The rising gold price has helped us out somewhat here, I like the price increase, it helps our case for a takeover. All I ask is those who read these boards on the regular be realistic about takeover prices. The reality is this is not going to be a 100 bagger (I am still waiting on currower tell us what that market cap looks like), it likely won't even be a 10 bagger... but those who are buying at these levels definitely have a shot a shot at a nice return on a takeover. Those who bought over $1 per share? Good luck. Probably won't see that again, same with those who bought at 0.50.
Comment by Currower on Apr 21, 2024 3:45pm
LOL Does Anyone believe that after paying 42 cents a share and 63 million personally over 5 years that Eric Sprott will accept a buyout for less than $3 per share and I doubt he'll accept that. NOTHING HAPPENS WITHOUT SPROTT. GLTAL REAL RETAIL WALLBRIDGE INVESTORS. DO NOT PLACE STOPLOSSES. Stockpick's brokers will take them off your hands.
Comment by steamfitter on Apr 21, 2024 4:00pm
Start Digging stop drilling The gold is there start producing, Near serface gold will prove Walbridge has a winner and will be making money. 
Comment by Stockpicks96 on Apr 21, 2024 4:50pm
Currower - I am trying to throw you a bone here, for once. I hold shares in wallbridge at an average price of 0.66 - unless i double down on my investment to bring my average price down do you really think I will ever see a price that high again? I have considered doing this but ultimately the company has shaken my confidence enough over the years for me not to do so.  Sounds to me like you ...more  
Comment by stever50 on Apr 21, 2024 9:30pm
I believe in the future we will get between 45-70 per share.   Just my feeling
Comment by Stockpicks96 on Apr 21, 2024 10:09pm
That's probably the most realistic take I've seen on here in a while. 
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