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Bullboard - Stock Discussion Forum Whitemud Resources Inc V.WMK

Whitemud Resources Inc. is a Canada-based company holding mineral rights to exploit a large kaolin deposit in southern Saskatchewan, together with a processing facility located on the property. The Company's product, Whitemud (MK) is a cement-grade metakaolin that enhances the performance of cement for oil and gas wells and construction applications. The Company's segments include Metakaolin... see more

TSXV:WMK - Post Discussion

Whitemud Resources Inc > going back to $0.03
View:
Post by fearlessggg1962 on Dec 31, 2020 3:55pm

going back to $0.03

Hello Lessard,

I doubt that it is going back to $0.03 simply because the company owed $23M at $0.03 and now its free of any debts. If it's going to $0.03 it will be a very strong buy. I have not sold any of my shares and i own a fair amount. I have the outmost confidence in the way this company will be moving forward from this point on.This is a prime candidate now for a takeover and with EV starting to take off we will see a high demand for products like  Kaolin.  Now having said that and knowingly that the market is no longer investing over the long term, day traders create high volatility and most investors want quick return and move on to the next one pump it up and move on again. Call me old school but I usually buy at very low price because people don't see the potential long term and i normally sell after a 500% to 1000% return and for me to hold 5 years is not a problem at all. I have been following WMK and buying for about 6 years. I could have sold some of my position when it was at $0.13 but greed kicked in and i did not also seeing Stan Owerko now owning 44% gave me a gut feeling that something big will be coming with WMK. Why would he want to own such a little company and give away $23m just to close a deal between Petrogas and Altagas? Nope..... something big coming up! if anyone does a little due diligence that stock was a $7 or $8 stock around 2007/08. I would be happy with half of that. even if it takes another 5 years not only that there is no longer the risk of having someone foreclosing on WMK and we owe it to Petrogas(Stan Owerko) so thank you Mr. Stan Owerko, as a small shareholder you have removed all risks now and I will support you and your team where ever you want to take this company.

Regards,

Fearlessgg
Comment by rjlessard on Jan 08, 2021 10:33am
Your big talk didnt mean very much. Fearless !
Comment by fearlessggg1962 on Jan 12, 2021 11:08pm
No worries RjLessard, This is a free country and we are all entitled to our own opinions. So if the big talk did not mean much to you I am fine with it. Take care and enjoy the ride up or down. Regards, Fearlessgg
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