I'm not sure what JP is shouting about. I just checked a real time
quote on SW and there is not halt. WSP is 3.95 +8. Cannacord
is all over the place with buys and sells so I assume it is their
clients buying and selling not house buying because they know
or think they know something. Perhaps JP is talking hypothetically.
That when there is a halt trade then the news could be like on
Tli Kwi Cho and we could see a crash. Any of us who've been around
long enough to have been through that debacle are pretty innured
to disaster. I gotlucky on that one and sold off most of my
position the day before the halt and crash. Meant I was able to buy
back in once the crash was over and pick up lots of stock cheap.
I'd like to believe that it was great intelligence but it was
just luck. Looked like a top so I thought I'd take some profits.
Then wondered if I'd got out too early because the stock price kept
going up. There are too many unknowns in exploration plays for
anyone to think they're playing a game of chess and being really
brilliant.
JP is right, of course, in his implication that more often than
not in exploration plays anticipation turns to bust. That's what
happened with KRR, etc. The trouble was they took a small sample
and then rushed ahead instead of taking the process ahead a step
at a time. Sort of like the Titanic steaming ahead without being
concerned about icebergs. Hopefully, after a crash like that
caused by rushing the process, some, if not all, of the juniors
learned to accept the slowness of doing the job right. The
speculator, of ourse, isn't interested in whether there is anything
there or not. All they care about is getting as much hype as
possible, grabbing there profits and running. some grater fool gets
to keept he worthless paper.
IF TR really was a pumper and dumper he wouldn't be spending 12 mil
on trying to establish volume and grade. He'd be going for a pipe
and pumping up expectations of finding one. I've seen lots of
P&D's. If RT was trying to do one, I'd say he was hopeless at
it. Since I think he's quite a competent person, I'd have to
conclude that he's not trying to P&D. If WSP's price
tanks on results, it won't be because anybody has been
scammed. Or because WSP management has been careless about
rushing ahead without following the proper steps. All exploration
plays are high risk. If you're not prepared to accept that, buy
BCE or NTL.
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