Winston Gold Corp. (WGMCF)

[Tweety]

Sam, while the news was informative and generally good, we may not see much of a near term PPS increase. I plan to continue adding shares at these low prices. Anything I can get under .075 I'll take.

My thoughts are .20 cents as we get closer to the end of August 2021.
My long term projection is $1.00 Before April 2022.

Now, I hope the current administration doesn't get us into a civil war or a war with China. If all remains quiet on the home front WGMCF will have a good 2021.

[Tweety]

Thanks for the link Jack.

[Tweety]

I can't access your link. It say I don't have authorization.

[gjw46]

Mill update
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1999-cse/wgc/102194-test-run-of-paradine-mill-facility-yields-promising-results.html

[Jack Torrance]

More intentional slow-rolling.

https://finance.yahoo.com/news/test-run-paradine-mill-facility-110000083.html

During the last test run of the Mill, a few additional improvements were identified. Specifically, the electrical starter boxes for the Sub A Cleaner Cells will be replaced as well as a new 3-ply mine belt for the hopper feeder belt. In addition, the tail pulley and associated bearing will also be replaced before the mill will be restarted.

WTF weren't these things identified months ago?

[ironwill23]

So I average down last week only to see it drop even further!!! I sure no how to pick winners I tell ya!!! LOLLL

[Tweety]

There is no provision for leaving a voice mail.
I will see if I can find another director's phone number.

[Samuel J]

Have u left him a voice message Tweets?

Just wondering bud.

[Tweety]

11:45 CDT. Just called Murray again. No answer from Winnipeg.
Will try calling again tomorrow.
Just picked up additional shares at 0.073

[Tweety]

Winnipeg is in the central time zone, same as me. It's approximately 9:05 A.M. CDT. I called the office and let it ring a long time and then I got a busy signal. As time permits, I will try again later today.
I also tried at 8:45 CDT, I let it ring until I got a msg, your call is not being answered so you will be disconnected.
So far there has been no reply to my last email.
I have cash to buy additional shares but I sure would like to hear some news whether it is good or bad.

[Jack Torrance]

I think they are waiting for $2000 gold again. Doesn't seem like a lot from today's price of about $1780, but that's over a 10% increase.

[TMTT]

Gold prices are at historic highs now, so is silver although both metals have been higher. Precious metals have always been manipulated, it is very hard to predict their price. Most predictions in October last year had prices for gold being north of $2300 by now. I still believe a buyout by a larger company with deep pockets would provide enough resources to overcome their issues. They would probably have to bundle other companies because Winston is too small.

[TMTT]

Gold prices are at historic highs now, so is silver although both metals have been higher. Precious metals have always been manipulated, it is very hard to predict their price. Most predictions in October last year had prices for gold being north of $2300 by now. I still believe a buyout by a larger company with deep pockets would provide enough resources to overcome their issues. They would probably have to bundle other companies because Winston is too small.

[TMTT]

Gold prices are at historic highs now, so is silver although both metals have been higher. Precious metals have always been manipulated, it is very hard to predict their price. Most predictions in October last year had prices for gold being north of $2300 by now. I still believe a buyout by a larger company with deep pockets would provide enough resources to overcome their issues. They would probably have to bundle other companies because Winston is too small.

[Jack Torrance]

Who knows. If their gold is sitting in ore, they technically don't know how much they have until it is processed and refined. That is the beauty of just stockpiling a huge mound of ore on the property. Could be worthless soil and rock, or it could be high-concentrate ore. Until they process it they don't know, and they don't have to report what they don't know.

[Jack Torrance]

Thanks for emailing them. Like you said, they were so on top of things late last year, and then everything fell apart, including communication. Not cool.

[Samuel J]

Based on ur logic on this JT then this is a good thing cuz in a matter of a few quarters things would have to add up and they would have to declare what that have on hand.

Wouldn’t they?

[Jack Torrance]

Why would they wait for gold to go higher when they can produce and hold off course assuming they can afford to!

Because it's much easier to say they are having production issues than to explain to investors and shareholders that they have gold, but they aren't going to have any revenue this quarter because they are holding off selling it. There would be an uproar.

[Samuel J]

Why would they wait for gold to go higher when they can produce and hold off course assuming they can afford to! I don’t mean hold everything they produce, but hold enough so that when gold goes up they do actually have the gold on hand rather than in a mine and sell at a higher price on the spot! They can pay for the rest of the operation with the minimal gold they produce especially when the cost of production for them is so low, and hold the balance for higher spot gold.

As for a buyout, I like the idea of that. Maybe u r right on that one JT. Nothing is impossible here.

Yes! I do though find it odd that they are awfully quite.

I know Tweety has been trying to get in contact with lots of questions. Hopefully sometime this week he will hear something and get back to us all.

Cheers and goodnight for now

[Jack Torrance]

Challenges are Qualified labour and Supply Chain.

It that's true, that means they are still stalling. They've had 9 months get labor and supply chain worked out. This is all coordinated. Either they are waiting for gold to go higher, or there is a buyout being negotiated. There is no way in hell such minor problems are causing a 9-month delay.

[Tweety]

Since last October the high PPS for WGMCF was 0.18
Yes, we have dropped quite a bit since Oct.
Below is a copy of the email which I just sent to Murray.

What is the latest status of the Paradine Mill? Have all the repairs been finished?
Has production started? If not, what is the expected start date?
How much did the delay in production cost? Did you have enough cash on hand to cover the fixing delay or will it have to be funded?

What is the latest on the Hard Cash Mine?
Has drilling started on the 6 holes as planned?
Is phase 1 drill program complete? If not, what is the estimated completion date?

We shareholders deserve an update. Give us hope or inform us of new problems. Many of us shareholders have been with Winston Gold for quite some time. We have not lot faith in the company, we need to have an update.

I know you are very busy. Please reply when time permits.
one of your many shareholders.

[Samuel J]

Someone on Stocktwitz has information that goes by the name “I KNOW!”

It seems he was on call with someone and says the mine is operational and mill is working.

Challenges are Qualified labour and Supply Chain.

Go check it out for yourself their.

Have a great weekend all.

[TMTT]

I can't find any information about the meeting yesterday. Was anyone on the call?

[Jack Torrance]

So, what in the literal fu#k is going on with this company?

October/November: There's lot o' gold in dem dar hills!
December/January: We are nearing full production, I swear guys.
February/March: We are processing waste ore. LOL. Also, we're buying another mine, because we can't get the one we have currently up and running, so the answer is to buy another. LOLOLOL!!!
April: CFO resigns.
May: Mill is broken.
June: We're working on the mill guys, I swear.
July: ???

In that general timeframe, the share price has dropped nearly 50% and is getting manipulated on a daily basis.

I am sorry, but WTF is going on? I am mighty sick of this.

[NEgoodlife]

Thanks. Much appreciated.

[Samuel J]

Thanks bud.

[Tweety]

It's been a week and Murray has not answered my email.
He must not be in the office since he hasn't answered any of my calls.
I will keep trying to reach him and I will post any updates that he gives me.

[TMTT]

The play may be to bundle a few junior miners together for a buyout. That would be the smart move, especially now when permitting is getting more difficult, counties in financial instability and a new gold rush in Canada.

[TMTT]

I agree with you 100%. At some point I believe things will get really tough. Gold and silver will be a great hedge and investment and certain mining stocks will even be better, one that I'm betting on is Winston Gold.

[Samuel J]

Will u kindly post a summary of what the reply from Winston might be for all ur questions and ours.

One question I would like to ask is how much is this downturn going to cost them? And how are they going to fund this unexpected mill fixing delay?

I only ask cuz I hope they don’t turn around and use us the investors as a tool to fix their operations costs for this downturn.

Thank u bud.

[Samuel J]

Thank u for ur input brother.

I’ve been an investor in gold for sometime now. On and off.

Gold for me is a hedge for darker days. Am not sure u agree with me, but my gut feeling tells me we are close to another crisis. How close is the million dollar question. When it comes in my opinion it’s going to be of epic proportions.

Have a great night and thank u again.

[Tweety]

The June 4th press release stated the the Paradine mill upgrades were expected to be completed by June 21st. Shipping delays have caused the repairs to take longer than expected. Hopefully, we will hear something this week.

Also, there should be an update on the Hard Cash phase 1 drill program coming very soon.

This is the perfect time to accumulate additional shares if you have funds available. Good news will be forth coming and then the PPS will explode.
I will continue buying tomorrow.

Shareholders should call or email Murray Nye with questions. If he is in the office he will talk to you.

[e-mail]
[phone]

[TMTT]

No, they would not delay because of gold price. If price per gold was the concern then they could stockpile gold and sell in the future. I'm sure they would love to have gold in hand right now. The project is long term and nobody can predict the price of gold. After the 2008 financial crisis and housing crash there was wild speculation on the price of gold, estimates as high as $100,000 per ounce. Never came close to gold bug predictions, in 2011 price spiked, but still less than $2,000 per ounce, then in 2015 close to $1,000.00 per ounce. Gold and silver have always been extremely volatile. Winston Gold would have been in much better shape financially if they had started earlier. Remember that one of their selling points is low cost production.

[Samuel J]

I’ve only been accumulating for about a month and a half. Been buying this recent bottom none stop. What attracted me are two things, 1/. the prospect of a good mining company doing the right things and 2/. That it’s close to a 52 week low.

That made it an opportunity buy for me. Am buying the Canadian ticker not the US one and it seems the past few weeks it’s all been buying and accumulation and not selling, unlike the US ticker where u could say it even.

Ur logic makes me think if the mill will still be used as an excuse going forward cuz gold prices the past few days have seen a quick drop to almost $1750.00/oz.

If the gold prices pause here or drops even more does this mean they will stop mining till it goes up to say $1900.00/oz!?!?!?!?!? Am not sure I follow ur logic here JT.

Can u elaborate pls.

Thanks

[Jack Torrance]

That is what I am saying. The repairs needed for the mill were probably known late last year, and they slow rolled announcing them because the price of gold tanked. This is all coordinated. And they don't need to raise any more money if they START MINING, REFINING AND SELLING GOLD ... you know, that thing gold mines are supposed to do.

[TMTT]

I don't believe that to be the reason, the delays are costly. I am wondering at what point they will need to raise more money. The next major institutional investor will probably get a deal that will have significant repercussions on existing shares outstanding. If you were to invest a million dollars in this at this point, what pps and warrants would you agree to? Haven't seen too many YouTube promotion videos lately, hope the project continues with some positive news.

[Jack Torrance]

This traded late last year around the .13 range for a long time. A lot of us are holding pretty heavy bags. Getting pretty tiresome how every month there is some excuse/reason why Winston can't start producing gold. I personally think they are stalling on purpose until the price of gold comes back up a bit.

[Tweety]

Hang in there ironwill23. We will be moving up within the next 30 days.
I have been buying over the past 2 weeks and plan to continue next week too. The PPS hasn't really dropped below .07 cents. I got lucky and bought 287 at that price.
If I have time on Monday, I will call Murray Nye and post the results of our conversation.

Does anyone have specific question that they would like me to ask Murray.
If I can't reach him on Monday, I will keep trying.

[ironwill23]

I set an order in at .074 weeks ago to watch it fill and to continue to go south! I just can’t pick winning stocks no matter how many years I play this BETTING GAME!!!!

[Samuel J]

If u look at the Canadian stock is the reverse of what happened to the US stock today when it comes to accumulation! Large volume on both stocks, but the US stock bleed for some reason and the Canadian was being accumulated like crazy especially toward the end! Odd? Yes!

Their was more accumulation in the Canadian stock and I myself bought 100k shares today. I should be accumulating more in the days and weeks to come for a long hold if the price persists where it is right now. Gold as I see it is only going to go up in the medium to long term future. This could see $1 one day. At least that’s what am hoping.

[TMTT]

Large volume for Winston, where did the sell-off come from?

[TMTT]

Any news? Are investors like Palisades Gold Corp. promoting the project recently?

[TMTT]

Should be interesting times, hopefully crypto, dollar, stock, and bonds flood into metals and metal miners.

[NEgoodlife]

No prob. Hopefully we'll get some production / operations updates soon and get the SP moving back up.

[Jack Torrance]

Whoops. Sorry, man. IHub showed it as an unread message from today. I should have looked at the date. I don't know why this website does that. You read a post, and then the next day it still shows as a new/unread message. They need to fix that.

[NEgoodlife]

I posted that on May 13th.

[TMTT]

Hopefully they will purchase parts to keep in stock for the next maintenance issue. Jeez, thought they would have considered that before. It's almost like a built in excuse.

[Jack Torrance]

May 13th was a week ago. Not really "news."

[TMTT]

Does anyone have any recent news? Winston doesn't seem to be promoting itself as much these days. Maybe a buyout would be the best news, a larger junior with cash.

[TMTT]

Coming close to the 30 day mark.