West Red Lake Gold Mines Ltd WRLGF

"Not too shabby"

[7Twiggy]

Lots on interest  on the TSX for the B warrants which started trading this morning. Take a look at stockwatch and the volume traded for the regular warrant and warrant A.  Just not a lot traded since inception.  Suggests to me that a lot of those involved in previous bought deals, hanging onto their warrants as they expect good things from this play and I suspect they have a lot more information about this play than the average retail investor. This warrant has a three year runway and a .90 cent exercise price.  About 5% of the B warrant float traded already this morning and I don't think you'll see a lot more traded at these levels before it moves higher.

[7Twiggy]

As a matter of transperency, I am not involved in one of the bought dealls trying to unload my warrants. I also hold the A warrants.  Sold my WRLG regular stock holdings this morning to buy the warrants. Also added a significant additional positon.  Just a warning, warrants are not for the faint of heart and carry a significant risk but the upside if your call if right can be significant

[JamesF]

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[7Twiggy]

Agree not the place to be if you don't understand them. That is the reason I don't invest in options. Not interested in spending the time to master trading them.  Got into warrants when one of my plays went bust and they gave investors warrants.  Got lucky with the warrants and got my money back.  Only hold one other mining stock, mainyly sticking to larger companies. The

[marketsense]

WRLG right now is a classic case of 1 step forward and 2 back.  The mine build is  progressing beautifully but the stock price keeps declining.   My sense is the insiders knew they were going to be hit hard with selling because of the financings and so are biding their time.  When they are ready.  moving this up will be no problem. What I keep thinking is Giustra and

[JamesF]

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[JamesF]

This post has been removed in accordance with Community Policy