Friday, December 28, 2018 12:08:10 AM
next stop 'blue sky'?
Ralph Aldis: "Right now, probably the most likely company to get taken out in the gold space in 2019 is Wesdome Gold Mines Ltd. (WDO:TSX). It has a couple of mines that are running. It has the Kiena operation where it is basically redeveloping, and it's had some great holes found there that have hit, in some cases, multiounce per ton. That mine is starting to shape up to look like a real gem.
The gentleman running it, Duncan Middlemiss, the CEO—people I know were throwing term sheets at him all in this past year if he wanted to raise some money, and he didn't need to raise any money. He's put money in the bank account and continued to execute and put out good drill results.
I think this is one of these ones like where Alamos Gold went and bought Richmont Mines Inc. or when you had SSR Mining buy Claude Resources. Wesdome is one of those companies that's geographically situated in a very safe jurisdiction. It has a lot of prospectivity. Investors probably could do well to buy and hold on that one for a while. The management team there and the board of directors are very much involved in trying to make that story a success.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM