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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 > No one would throw $29 million into a play unless
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Post by 7Twiggy on Nov 12, 2024 4:23pm

No one would throw $29 million into a play unless

A real nail biter for sure, particularly if you are holding the warrants.  What is that wall of worry they talk about.  Still of the opinion the
drop is only related to the bought deal and we should see the stock start moving up shortly before the prefeasibility study is released.  A key item one
forgets to remember is that accredited investors plowed $29 million into the stock, buying the shares for .69 plus a warrant that will buy them a share
at .90 at some point in the future.  Forget about the warrants and those investors are looking at a real time loss of .69 - .56 = .13 or almost 19%.
Like I most likely said before they would have had to have had a lot more information that us retail folk.  Still of the opinion these accredited investors 
are responsible for most of the selling to cover some of their bets  They now have shares and warrants.  No one would throw $29 million into a play unless
they had a pretty good idea this was the real deal.  I recently got back into a number of small and junior gold plays after years of absence.  Now play 
mostly the big caps with chip stocks and pipelines my favorite right now.  Forgot about the few posters that try to drive prices down by gas lighting 
and questionable facts. We have them here in spades. I am looking for a lot higher price line as we move through the next two or three weeks. 
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