West Red Lake Gold Mines Ltd V.WRLG

Sellers

[Martyboss]

I wonder what the reasoning is for so many sellers , is it the lack of confidence in management, or is it  the ones that got in  at much lower prices. The results of the drilling are excellent , no need to be selling unless  they are in dire straights for cash. JMO

[marketsense]

Exactly.  This has befuddled me for quite some time.  There are only a few explanations that make sense.  There could simply be a lot of day trading for pennies because of the high volume trading or quite a lot of loose stock left over from the financing. If you remember they did a huge financing with wts.  Those unit deals usually act as  a drag on the stock for many

[Martyboss]

Having 269,000 plus shares out does not help matters much either.

[Alexandchoy]

Agreed! And yesterdays news was great. More like that and as long as they stick to their mine restart plan and continue to expand high confidence ounces which they've done so far I think this is a great hold.