.Trev,
Gee, and I thought we were friends! I'm reluctant to respond to your post in kind, since you were nice enough to send me the DB report, but jeez, the hole in my back is making me a little sore. You seem to suggest that you know where WSP is headed and I don't. Maybe, maybe not. Do you care to explain how it's going to head up when most people expected much higher valuations ( e.g. contests here, I think, and on Stockwatch for sure - about $365 ave. in the contest there)? Maybe it's those mysterious European buyers? Or the mysthical hostile takeover guys lining up to take over? Let me ask you this: what's your price target? And what do you base that number on. From the DB report, I see a NAV of less than $4.93, and that's assuming 300 tpd, which seems in doubt. That's based on 14.5 mil tonnes, but I do believe that anything that can't be mined within 10 years is given no value by analysts. Are you happy that we might get to $4.93? What makes you think the number is higher, and what's that number?
I'll probably hang in a little longer, hoping for a bounce, but if it gets to, say $7, I'm out of here and I'll leave any further appreciation to others like you.
Good luck! |
