Bullboard - Stock Discussion Forum Westhaven Gold Corp V.WHN

Alternate Symbol(s): WTHVF

Metals & Mining Gold

Westhaven Gold Corp. is a Canada-based gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada's newest gold district, the Spences Bridge Gold Belt. The Company controls approximately 60,950 hectares with four gold properties spread along this underexplored belt. Its projects include Shovelnose Gold, Prospect Valley Gold, Skoonka Creek Gold and... see more

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TSXV:WHN - Post Discussion

Westhaven Gold Corp > The quick increase in size

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Post by trader53 on Jul 27, 2022 10:26pm

The quick increase in size

With a closing date scheduled for this Friday it tells me that these are funds taking down much of this placement. It will be interesting to see who these funds might be especially if this is there initial position in WHN. The quick increase in size also suggests another fund stepped in and took down a 500k position. GLTA

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Comment by MuttleyKnows on Jul 27, 2022 10:43pm

Being oversubscribed is not a bad thing even at these depressed prices. Good secure funds now. You just don't know what will happen in the coming weeks and months. Market is so volatile and the precious metals are in the tank. As you corretnly point out, there are big funds who view WHN favourably. I have to highlight again that there are no warrants attached to this ...more

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Comment by monyintheground on Jul 28, 2022 8:11am

Agree 100%. The small increase in size of this placement imo is a positive. I would like to see Sprott or a Major along with insiders for this raise. Also thank you for your observations regarding cash availability and cash burn which preceeded this offering. Great job!

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Westhaven Gold Corp