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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (1044)	12/29/2001 4:08:34 PM
From: ralfph	Read Replies (1) \| Respond to of 39344

Whats up with WRM ? They have put together a good team. They have 25 million in cash. Their burn rate sucked when I dug really deep last summer, but that aside I do not see promotion has kicked in. The short position has dried up as well. The cash indicates its a buy. The team indicates its a buy. Last summers burn rate (2 million and change in one quarter if memory serves me ) says "run away run away " Its priced at the mid point of last years range, and considering that its only Jan the timing seems about right. But is it a further look? regards ralfph