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Bullboard - Stock Discussion Forum West Red Lake Gold Mines Ltd V.WRLG

Alternate Symbol(s):  WRLGF | WLGMF | V.WRLG.WT | V.WRLG.WT.A | V.WRLG.NT.U | V.WRLG.WT.B

West Red Lake Gold Mines Ltd. is a Canada-based mineral exploration company. The Company is focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 square kilometers (km2) highly prospective land package in the Red Lake district of Ontario. The Madsen Property comprises a contiguous group of approximately 251 mining leases, mining patents and unpatented mining... see more

TSXV:WRLG - Post Discussion

West Red Lake Gold Mines Ltd > One thing I do know for sure
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Post by 7Twiggy on Jan 20, 2025 7:47pm

One thing I do know for sure

Who knows where this stock will end up price wise in a day, a week or a month.  One thing I do know for sure is that I will sleep a lot better with my .60 cent buys than with
any 60 cent short covered by a ,possible 90 cent warrant.
Comment by slewfoot2 on Jan 20, 2025 11:59pm
umm twiggy, who shorts a penny stock?, i am very shure u would knot be able to lol...that is knot why the price is lagging.... its lagging because it too much pump and no substance  maybe, hopefulees , ect dont meen jack sheat
Comment by marketsense on Jan 21, 2025 3:36am
This post has been removed in accordance with Community Policy
Comment by ppp on Jan 21, 2025 9:06am
Seems like someone has figured it out. Short Positions for WRLG Symbol Report Date Volume Change Shares Issued % Float V : WRLG 2024-12-31 2,193,091 881,018 318,862,461 0.69 V : WRLG 2024-12-15 1,312,073 ...more  
Comment by slewfoot2 on Jan 21, 2025 9:19am
meye point exactlee.... nobody shorts a penny sstock.... thats incedental and does knoy impact price in any way when they cover lol.... do the math
Comment by 7Twiggy on Jan 21, 2025 10:14am
Really not a lot of shorts out there when you compare it to the total share count. Not sure why anyone would short.  One of these days you will see it run and I think we are getting close and may be already there. 
Comment by jake12116 on Jan 21, 2025 10:14am
I'm no stock broker, I'm in the camp where they will mine gold and have profit  so these shorts are increasing, decreasing, is this a positive thing for shareholders going forward ?  id appreciate someone who actually is experienced in the short game , respond with respect  thanks 
Comment by 7Twiggy on Jan 21, 2025 10:34am
Who knows, but on the new report this morning the short number jumped substantially.  They have to cover sometme, so that is a good thing.  IMO shorting now is risky as I think the stock may be on the way back.  I suspect in this case whoever is shorting has a ton of warrants to use in case they are on the wrong side of the trade. 
Comment by Martyboss on Jan 21, 2025 11:45am
You guys have all these theories, but as far as i can see , its the market that is being  very cautious with this stock as it went bankrupt before so why wouldnt it. To many fluff news releases  is not a good thing in many cases and I think this is one . I think if they ever get to the actual point of production then you will see this stock move.until then it will very likely spin its ...more  
Comment by 7Twiggy on Jan 21, 2025 12:59pm
You are most likely right, but I think most of the money for those advertising pieces and more to come has already been. spent.  We all know the story and don't even read the latest news.  Once we hear about new developments, it will be hard to get in at these levels. I am hoping plus or minus .60 will be long gone in a few weeks