West Red Lake Gold Mines Ltd V.WRLG.WT.A

New Press Release - West Red Lake Gold Announces Closing of $29 Million Bought Deal Public Offering

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESThe shelf prospectus supplement, the corresponding base shelf prospectus and any amendment to the documents are accessible through SEDAR+VANCOUVER, British Columbia, Oct. 24, 2024 (GLOBE NEWSWIRE) --...read article.

[Martyboss]

More dilution WOW this BS should pound the price down some  more, Im losing faith fast, get the feasibility report out fast because this stock is headed south. I just hope they are not barking up a dead cat's A-s

[marketsense]

In the short term despite gold price making new highs,  WRLG has done nothing but go down since middle of Sept when it reached .87.  If one went strictly from the chart you would avoid this name completely.  It looks even worse when compared to almost every other peer in the space as far as stock performance. But we also know they have a gold mine about to restart,  have

[JamesF]

This post has been removed in accordance with Community Policy

[7Twiggy]

My guess is the only reason it went down was a lot of accredited investors knew the bought deal was coming.  Don't like the dilutiion, however a lot of us knew it was most likely coming and you have to  pay the bills like keeping 180 employees working. 

[marketsense]

Yes,  there is no easy way to do this.  The fast track to production means major capital costs up front and the evils of financing to go with it.   Other developers go through the same stage except they usually take a longer route as in 3 to 5 yrs.  Then they can stretch out their financing as each phase demands. With WRLG,  I don't blame them for moving quicker