West Red Lake Gold Mines Ltd V.WRLG

Anyone aware of a bought deal in the making?

[7Twiggy]

"They will start to do better when they stop spending money and get some more financing.. They have stated publicly that one more money raise is needed before startup. Also what will help is when the mine plan comes out, they are hoping for October release. "

Saw this post on the Yahoo finance stock board. They seem to have a more active group following this stock. Can anyone cofirm that the company is looking to do another raise.
My gut feeling one is coming. I bought shares in Radisson gold early this week and the next day they did a bought deal. Luckily it was not much lower than the deal.

At any rate I am keeping West Red on my watch list, but will hold off for a while to see
if I can pick some up at lower levels.

[marketsense]

Mmmm,  my take on West Red Lake is they are bordering on being overcautious to  the point that they are losing investor interest in the story.   You can only drag this out  so long before investors see more exciting opportunities elsewhere. Mining is a risky business as many things can go wrong but at the same time you can't let it paralyze you over those fears.  They

[Bimmaxbro]

When Pure Gold had this project, they were too optimistic, went heavily into debt , didn't do the development that they should have and raced to produce. Then they crashed. ARLG is doing it right I think. Debt free, methodical, and have a long term plan. They got the project for peanuts just last year, so waiting a couple years to reach sustainable production is not an issue for me. Any

[budwieser]

Agree and when PGM was valued at 1.2 b the pog was a lot lower!