Trading is too thin for me in WHN.V
7 trades inMarch
2 trades in April
3 in May
and 1 on 6/1
Just too thin in trading so far, but this in no way says anything about the quality of their properties.

I un derstand your approach and really appreciate it. Because of my partial sight it is very difficult for me to attend conferences, etc., but because of that I do extra due diligence. I am (or try to be) extra sceptical about anything any company representative may say. I follow the “trust, but verify” adage and always look up every filing on SEDAR and double check.
This company idoes not pass my smell check, probably because of two possible alternatives:
a)The management for some reason is slow, or
b)the management is not as experienced as you believe.
Suppoporting a):
In an amended statement filing June 6, 2012:
“Results of Operations
The Company was incorporated on April 17, 1998. The company was inactive from April 17, 1998 until May 5, 2010. The Company does not have any operations and will not conduct any business other than the identification and evaluation of business and assets for potential acquisition.
During the 3 month period ended March 31st, 2012, the Company recorded a net loss of $53,576.
The major expenses for the current quarter included Professional and consulting fees of $26,172; Rent in the amount of $6,436; Regulatory and Filing fees totalling $6,103; Travel $4,275 and General and Administrative of $3,741. The Company experienced a Foreign Exchange loss of $7,284 relating to the conversion of US dollars into Canadian. The US dollar holdings were a result of a previous cancelled option agreement.
The Company signed a letter of agreement (the “Agreement”) with Strongbow Exploration Inc. (“Strongbow”), a TSX-V listed Company with a director in common, whereby the Company can earn up to 70% in Strongbow’s Shovelnose gold property (the “Property”) near Merritt, British Columbia. The transaction constitutes the Company’s Qualifying Transaction and was approved by the TSX-V on July 19, 2011. Effective July 20, 2011 the Company is no longer a CPC and began trading as Tier 2 company on the TSX-V. On the same date, in accordance with the Agreement, the Company issued 100,000 shares to Strongbow.
To date the Company has not generated significant revenues and is considered to be in the exploration stage. Continued operations of the Company are dependent on the Company’s ability to complete equity financings or generate profitable operations in the future.
The Company has raised $500,000 through the issuance of 10,000,000 Common Shares at a price of $0.05 per Common Share and $300,000 through the issuance of 3,000,000 Common Shares at a price of $0.10 per Common Share. The Company received final receipts for its initial public offering (“IPO”) to issue 2,000,000 common shares at a price of $0.10 per share for total gross proceeds $200,000. To date the Company has raised $1,000,000 in gross proceeds via share offerings. The Company completed its IPO and commenced trading on the (“TSX-V”) on December 24, 2010 under the symbol WHN.P.”

So far the company only has an option to purchase “up to 70% of the Strongbow Shovelnose project. after 1.5 years of work.

Plus it has an agreement to purchase 100% of the BEN property.
“Westhaven can earn 100% interest in the BEN Property, subject to a 2% net smelter royalty (NSR) which Westhaven has the option to purchase at fair market value, by granting the optionor:
 An initial payment of $10,000 and 100,000 shares;
 $20,000 and 150,000 shares on or before 1st anniversary (Optional);
 $65,000 and 250,000 shares on or before 2nd anniversary (Optional);
 $125,000 and 500,000 shares on or before 3rd anniversary (Optional).
 $300,000 in exploration expenditures in the first year of the Agreement (firm commitment);
 $400,000 in exploration expenditures in Year 2 (Optional);
 $600,000 in exploration expenditures in Year 3 (Optional);
 $1,200,000 in exploration expenditures in Year 4 (Optional).
”

which is fine.

Thus it is a very early stage exploration company, so early thst it is still described by the exchange as a “holding company”!

HI Al,

Long time listener.

I’ve been following Westhaven since your first interview with them a month or two back. I even called their office. I think they managed to get a lot of work done last year on the property near Merritt before the snow set in. The results are up on their site. Don’t know much about the new project except that they announced that they’ve started working it a couple weeks back. I have friends that work up near Williams Lake and there was snow there up until about a month or so ago. I like the looks of the new project. It’s in a great area. I’d like to be able to buy some ahead of them drilling it at least.
cfs2000 does have a good point regarding volume. It is very thin.

Good luck to all the longs!