Post by
trader53 on Jun 20, 2022 6:17pm
After pulling one of the best holes in Canada this year!
I am shocked that we traded as low as .39 today. It looked like someone was being forced off a position as they unloaded 150,000 shares. Not sure what to expect over the summer months but I do know that Mr. Market can be irrational much longer and deeper than most would conservatively guess. The yearly low of .335 should hold but then again this bear market in the Juniors could take us sub .30. I currently have 1&1/3 positions and am prepared to expand it to two in the thirties and If by chance WHN slips into sub .30 I will take it to 4 positions which would result in my largest ever position in a junior gold. After all putting my chips in along side a hall of fame explorer who already owns 12,000,000 shares and recently bought $170,000 worth of stock in the sixties is kind of like waking up with aces and your opponent pushes all-in. Was told today that there is no way WHN is going to raise money from the bandits on Howe Street. This source is close to the family so if accurate then one must expect that a deal with a Senior/Intermediate producer must be in the works. GLTA
Comment by
MuttleyKnows on Jun 21, 2022 2:34am
Hope you are right Trader. The company is drilling at a feverish pace so they will need to raise money. The question is from who? On the plus side, they can use flow through shares which will reduce the amount of dilution we get hit with.