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Not sure I want to be long on this one. I don't believe these guys have any business savvy.
There seems to always be shares to purchase. It could be that the financials are still really bad or worse than before, and a two year freeze on Northern stock. They probably don't have to give a first quarter earnings report because they are a new company. I am disappointed that the whole company wasn't sold, I would prefer a smaller percentage of Northern shares.
Does anyone know what is going on? The new website has little information. Is anyone long on this company?
Doesn't seem to be any interest for some reason. Volume is so low that you couldn't dump it if you wanted. I hope that there is some kind of positive news soon so I can get out and invest more in crypto currencies.
Purchased shares yesterday and it shows it being in the old hydro account, previous shares are in the new 66 account. Did anyone else experience this? Also why such a low volume today and the big drop early?
Even on good news today, Winston is a tough sell. There are so many great short term investments at this time. I believe that I will be able to get into Winston again at a good price after a good earnings report or fantastic news. I have had good luck going in and out.
No wonder they wanted to keep the details a secret and not answer simple questions about the common stock. The hydro team was failing miserably. The common shareholders will not get the benefits of a total sale to a successful company, instead retain shares of a loser shell company that is given a second chance with our money. How could this kind of a deal happen? Were regulators kept in the dark also? I have never seen a deal like this and the secrecy from a company about simple aspects that should have been disclosed. I believe that Hydro should offer common shareholders a fair-market price for their stock based on a total sale.
I was hoping for conversion shares to Northern.
Does anyone know the reputation or business acumen of the people leading this company? Things appear to be unusually suspicious.
Over the last eight months Winston gold was a horrible play in the middle of a bull market. Based on factual numbers, what would be the true value of the company?
Winston was counting on the price of gold staying close to the 2020 peak or increasing. The government's Keynesian modern monetary policy may still have a say in 2021. Unfortunately people are trusting crypto more than gold as the alternative investment. Major corporations
are now investing in crypto as well.
Shouldn't our shares have converted to Northern by now? or at least a time frame for conversion?
The problem is precious metals losing value, crypto currencies were the play.
I don't know the numbers or how shares will be consolidated if we get Northern shares, or do we keep hydro shell company stock? I don't understand what a hydro shell company mining crypto means in the whole equation or the two year wait on converting Northern shares. Hopefully they were able to mine the last couple of months during one of the greatest opportunities in world history, instead of storing data for pennies!
The problem is that gold demand is being upstaged by crypto currencies.
I'm hoping that Hydro was focused on mining over the last three months. With the sale and possibly a better first quarter earnings report we could have a decent stock price.
Whats up with Hydro? Somebody always knows something.
Received a response, cannot be more specific because of regulatory concerns, directed me to recent public releases. Without information it is difficult to determine the true value of the stock. If the deal is done, we should be able to know something about the mechanics of the deal. From past experience, this is totally different. At what point are they allowed to disclose? Maybe it has to do with shares available?
If the sale closed, there should be information about stock conversion. The complexity of the deal that involves stock, a shell company and keeping the mining piece probably isn't good for the common investor.
If the sale closed, there should be information about stock conversion. The complexity of the deal that involves stock, a shell company and keeping the mining piece probably isn't good for the common investor.
If the sale closed, there should be information about stock conversion. The complexity of the deal that involves stock, a shell company and keeping the mining piece probably isn't good for the common investor.
Must be information that a few know about.
Probably waiting after first quarter earnings or lack of report.
I believe they don't want anyone to know the details. I would be more optimistic if they had sold the whole company, including mining to Northern, with us having Northern shares.
Is it everyones understanding that we will get Northern shares or will we keep shell company shares?
They ignore, maybe the play is getting out.
If the deal is signed and done, shouldn't we have had our shares converted to Northern by now?
Do the gaps represent warrants?
Looks like we keep hydro shares, not converting to Northern shares.
WINNIPEG, MANITOBA / ACCESSWIRE / February 5, 2021 / Winston Gold Corp. ("Winston Gold" or the "Corporation") (CSE:WGC) (OTCQB:WGMCF) is pleased to announce that it has produced its first concentrate from low-grade stockpiles at the Paradine Mill Facility, near Radersburg MT. In addition, underground development work at its wholly-owned Winston Gold Mine, near Helena, Montana. has allowed mining operations to increase to a rate of 120 tpd, or 3,000 tons per month.
During January, the Paradine mill facility was run continuously over a period of six days. The mill hired and trained five new employees and rotated two, three-man crews, to work 12 hour shifts during this period. A total of 752.47 tons of low-grade mineralized material was processed with an average head grade of 0.05 oz per ton (opt) gold (1.75 g/t gold) and 0.78 opt silver (26.85 g/t silver). The mill produced 7.43 tons of concentrate (wet) with an average grade of 1.73 opt gold (59.42 g/t Au) and 30.52 opt silver (1,046.43 g/t Ag).
Should be part of the deal to make it better for hydro common shareholders.
We are probably at the mercy of Northern as far as a good outcome. hydro waited too late to make a move and didn't understand their business, and gave-up their leverage. They are probably not responding to you because they are embarrassed.
There needs to be more details, do shareholders get compensated for the mining piece of the business that is not included in the deal? What is the conversion percentage?
Volume going the other way. Maybe the deal is not very good.
I believe the announcement last week was that the company investors voted to go forward to make a deal. I am not sure whether the deal was signed off on and competed the regulatory processes. I too would like to have an update or any kind of specific information from hydro. If we are getting Northern shares, I would like them to get the mining piece also. Not sure how how a continuation of a shell company would benefit the common shareholders, maybe this is the "sensitive information" and why everything is so secretive. If the sale is completed, do we know the formula on the conversion of stock?
Another consideration is what is effecting other sectors. A mania has taken place in many crypto currencies and stocks, the psychology of de-centralizing and a move away from an established authority, also a rush to follow the herd in stocks that are extremely over-valued by any reasonable measure. A rush into physical metals and mining companies could very well play into a safe haven mentality. I could very easily see a Tesla mentality playing out in physical assets outside of real estate.
They need new leadership, people with some business sense and savvy to understand opportunities, trends and margins. Idiots were competing in a low margin space with very large companies, believing that everyone would switch over to them because of climate change. If they had only focused their business on crypto everyone could have retired by now. What a bunch of donkeys!
How does a separate mining operation benefit the shareholders? Why is specific information hard to get?
Great YouTube video today with Joe Carrabba