Update shared on19 Jun 2025
Jun 18: Mine fatality.
"The Company is working closely with local and Ministry of Labour authorities and an investigation and comprehensive review are underway. Operations have been voluntarily suspended. The thoughts of management are with the family, friends and colleagues who have been impacted by this tragic incident.
The Company will provide additional information as appropriate." - Junior Mining Network.
This in my opinion mat create a buying opportunity.
My strategy
- I'm hoping for a 40% drop in price from CAD$0.94 to somewhere around CAD$0.56
- If that threshold is reached I will liquidate my stock in TSX:ASM and redeploy to TSX:WRLG
Personally I have TSX:WRLG as an easy 12 bagger and when they get through the current inspection I expect full production to begin again. I'm also quite certain that TSX:WRSLG would double quickly from CAD$0.56 to over CAD$1.00 before the year is out.
It's a Frank Guistra company and with his hand on the rudder (he knows this mine well) I expect normal operations to be underway before Q3.
Disclaimer: I have screwed up in the past, so don't do anything before employing your own due diligence.
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