Checked up on trade winds; looked at the recent SEDAR release, and read through the last page of comments on here..ta.
As is known, their China investments have been sold with losses of 1-2m.
They just sold Turner Lake, and Northwest Resources has just drilled 13g over 13m. Nice one.
C$1m mcap
high grades veining
C$375 pp
700k shares short
13.6m shares trading
13g over 13m
My Detour Gold holding has done well; mcap of something like C$30 or more per oz.
Tradewinds has something like C$3 mcap per oz....1/10th of Detour Gold's, lowish grade.
It does feel like Tradewinds is a duffer holding company who've wasted additional money. And their recent report says they are likely to have trouble raising any future money through pps.
The tradewinds gold is so cheap though, I guess I must hold on....that's their one saving - the valuation must be bouncing along the bottom.
Whilst gold has doubled, their SP has gone down 80%. Class.
Anyone have any views on Turner Lake and Northwest Resources?
ta
