Hello .Trev,
Thanks for your response. I'd have to say that I agree completely with Lorne's post. Its not that WSP doesn't have some great ore. I can't make any new math say its bad. It is, however, stuck in the uncomfortable position of having to do lots more work to justify whether it will be a mine. Its that simple.
All of my predictions have been based on WSP's numbers, not something I pulled out of the air.
With no upside news over the next while, it should not surprise anyone that the stock will react to things like financing rumours, the exercise of warrants, etc. This is unlikely to have a net positive effect, IMO.
On another note, I will say that I respect that teevee has constantly been bullish. What I have less respect for is the name calling, the revisionist approach to all news releases, and my opinion that his math is just simply incorrect.
None of this means that WSP will not have a wonderful mine in the future. Much work needs to be done, and a market cap of $145 million (at $2.90) still seems a little high for me.
Best Luck,
Confluence
PS That I've become more "cutting" in my comments is only a response to misleading statements and revisionist bs. Sorry if that offended any one. |
