Hello Andrew,
I think you've got a pretty good read on WSP, though I'm not as taken by the TA stuff.
What impacts on me is that these results were clearly predictable from the last bulk, yet many other posters were going on about contests and $4-600 per tonne and crap that got expectations way up.
This news is not bad, but it is clearly below many expectations. It is clear that the WSP will be told over the next couple years, not with an immediate mining decision. The careful investor, the institution, the trader will all wait/go elsewhere until other news comes to WSP.
You can buy this stock for about the same price in 6-9 months, so why hang on?
Its just my opinion, and I expect to get blasted, but what good news could drive this stock higher until further drilling/bulk samples? ( I am assuming that the CF data are consistent, else this will tank)
Best Luck,
Confluence
PS I couldn't believe when AJ called me other than Flatulence. Imagine a compliment from the fart in a windstorm! |
