SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Western Copper Holdings - WTC.T
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TheBusDriver who started this subject8/17/2002 3:10:54 PM
From: div5226  Read Replies (1) of 754
 
Just some personal observations: There seems to be general consensus that the fundamentals in WTC are great. IMO I believe they are probably greater than is generally recognized. The recent technical weakness was based on:

1. a rapid move over $4 which required correction
2. the release of restricted shares with their purchase price far below market levels which induced profit taking.
3. a general retrenchment in the price of silver from its recent high. This slide parallels the slide in gold and probably was caused by manipulation.

WTC should be viewed as a long term holding. The stuff is in the ground and can be extracted at low cost because it can be open pitted, treated with heavy media operations and it has low labor costs. At current market prices it could be worked profitably. It is a strong contender for value vs APEX and PAAS and is a candidate for a buy out some time in the future ( and the buyout price will be some multiple of its current price). Management is reliable and honest and there need be no uninformed and superstitious consideration that they are crooks like we have seen with Enron etc.

Bottom line: I have been buying on a scale down and send my thanks to the uninformed who have provided me with the bargains.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News