Well, that last release is starting to fill some gaps.
Andy, you and others make valid "technical" points and many other make valid "experienced" points, while a few others are wasting our time. You can all argue back and forth the merits and that's healthy, but IMO WSP needs to clean up their PR if you are to base decisions on them. The last one leaves lots to be desired. It has blatant mistakes that would merit a fail mark in school.
But, it is also a "damage control" release and the summary says so...
1) it leads to the assumption that the larger stones were not a fluke and addresses kaiser's concerns, tho consistency is a question right now. But then again, the worse of the 2 bulk sample is still good.
2) It reafirms a previous release about the economics of this play but here again, it's very early to start guessing at these numbers.
3) It tells us that they have in hand the information we need to guess the potential of this play, something we have be waiting for, for a long time and waiting is always suspect.
It does not, IMO, add value to the play. The bulk sampling will and a sound "fingerprinting" of the drilling will. This PR simply reafirms what was previously said and what is assumed.
It's not professional because of the mistakes and the "rounding" of the numbers and I feel was drawn up too fast, hence the damage control.
The story book looks good, but a lot more substantiated facts are needed. I would not doubt this stock gap up Monday and lead to a small "bubble" situation which could just keep on rising or deflate, all depending on what will be released next. - just my 2bits and go WSP go. - regards - denis
FYI. I for one sold some last week and have kept what I can afford to loose. This is shaping up to be a potentially big find which a penny stock player can not be out of, but I sure wish WSP would clean up their PR act, and because if it, I will add/deduct to my position cautiously over time. |
