William Resources - WIM-TSE Message Board

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Gold/Mining/Energy : William Resources - WIM-TSE

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To: M. Merriam who wrote (1131)	10/14/1998 2:04:00 AM
From: marcos	Read Replies (1) of 1326

"The proceeds have been used to improve the company's liquidity position and to reduce bank debt." Translation - 'We needed the money right away'. .... that's the way I read it anyway, on seeing the release today. Only had a few left in the trading account at that point, and let them go .... wim just didn't react well to this last little PoG recovery, .15 was like some kind of ceiling. Sure it has great leverage to the PoG, but gold has to get to maybe a 330+ trigger point before wim kicks into gear, imho. Might as well be a junior explorer with semi-proven properties and a flat kitty. Back to make another bottom, I think.

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