Westhaven Gold Corp V.WHN

Long road ahead for WHN

[Notmyfirstrodeo]

This is eventually going to pay off but it will be at least a couple of years before they can think about a mine and that's only if there's a change in the federal government. Trying to permit a mine right now would be at least a ten year ordeal costing millions and there's no guarantee of it happening. The political climate right now is terrible for getting anything like this approved. The environmental movement will drag this out in the courts for years even if they did get a permit. With our current federal government and provincial government I foresee great difficulty. It will be two more years until the next election and if there isn't a change in the federal government it will be another 4 years. 

This is the reality right now. One company spent a billion dollars trying to get an oil sands project approved in Alberta and finally gave up because they just couldn't see a way to get an approval. Imagine spending a billion dollars and not having shovels in the ground while looking at spending even more. Im sure management knows what they are facing and any large company that might buy this out will hold off until they see some change in the government. 

mom sure they will keep exploring and that there is plenty of gold yet to be found and will stay for the long haul but it's a two year minimum before they can get to work making a mine a reality.

[ErinBrockovich]

You need to read more about the company. It's far more likely they will sell within the next couple of years. 

[Notmyfirstrodeo]

Same problem for anyone that buys them out. Why buy it if you can't mine it. Somebody probably would have bought this already but at the moment it's not possible to get anything done in Canada. One of the few things that is still going is drilling for oil in Alberta and Saskatchewan. 

[ErinBrockovich]

So, what's your interest here. Short? Looking to buy at a lower price? I've added at this level. It's worth the risk.  You are aware that Franco Nevada is interested in this project. So much so they gave them money.  https://stockhouse.com/news/press-releases/2022/10/06/westhaven-completes-sale-of-royalties-and-private-placement-with-franco-nevada  

[Notmyfirstrodeo]

Of course Im shorting the stock and then Im going to buy at a lower price. Everyone that posts something other than sunshine and lollipops is doing that. I know that the posts here control the market and millions base their decisions on what people post here.

[Shylock40]

Whoa, big spender over here (15k shares?).. enjoy your short position...

[ErinBrockovich]

Good luck with your short. Franco Nevada gave WHN money. So, they believe in this project. You make no mention of that. It sounds like you have a few things to learn about WHN   The boards do hold some influence. Otherwise nobody would post.    I continue to accumulate. This stock is a bargain under 0.20 cents. Gold, once again, hovers near 2k. It will likely break above this