Dennis da Silva
West Red Lake Gold Mines
WRLG-X
HOLD
Mar 04, 2024
They had problems building a new mine involving rushing it and not properly capitalizing it. He continues to hold it. Likes that they are re-capitalizing the mine and working out geological issues. They can re-start this mine and make it more profitable than their predecessor. The rising price of gold helps.
Principal asset went into bankruptcy. A very determined friend of his is involved, and this gives him hope about the consolidation and re-invigoration of the district. Don't own it unless you have a long time perspective.
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They had problems building a new mine involving rushing it and not properly capitalizing it. He continues to hold it. Likes that they are re-capitalizing the mine and working out geological issues. They can re-start this mine and make it more profitable than their predecessor. The rising price of gold helps.