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Bullboard - Stock Discussion Forum West Red Lake Gold Mines Ltd WRLGF


Primary Symbol: V.WRLG Alternate Symbol(s):  V.WRLG.WT | WLGMF | 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 > Let the company do their thing.
View:
Post by 7Twiggy on Nov 05, 2024 3:44pm

Let the company do their thing.

West Red Lake went a little overboard with that last bought deal. Most likely now have a lot more cash than they need.  Think they realize this. Looks to me like they had this media plan in mind for some time.  Most likely best to ignore this play for awhile and let this bought deal work it's way through.
Most of my better plays I ignored till they got back on track. The fewer negative comments on this board and others the better. Let the company do their thing. As far as I can tell most of us see a lot of value in this play and would not have sold even if the stock moved 20% up.. I am still of the opinion holders will do very well and the warrants could become multi baggers.  Management would not be completing all those insider buys if they thought things were going south.  Would not be surprised to see a lot more insider buys at these levels.
Comment by marketsense on Nov 05, 2024 4:27pm
Very good advice Twiggy.  This is another one of those companies because of the bought deal financing,   is going to take time before recovering.  Lets face it,  there is a huge disconnect between what is going on with the company and what is going on with the stock price.  If you understand why that disconnect exists,  then sit tight and wait.  Patience is your ...more  
Comment by Zibo510 on Nov 05, 2024 5:52pm
Q1 is not that far away, the mill should be operational by then and that will change everything. I expect my B warrants will be in the money at that time.
Comment by budwieser on Nov 06, 2024 11:26am
Extra cash= Accretive acquisition! Jmho
Comment by marketsense on Nov 06, 2024 12:29pm
Thats what I've been thinking also.  Because this mine already mostly built,  they are way ahead of the normal schedule of developement so can move quicker on an acquisition. That's another aspect that the market is not seeing or giving any credit for but is really a huge advantage for them and to investors who have some insight.  WRLG is poised for growth and impressive ...more  
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