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Gold/Mining/Energy : Western Copper Holdings - WTC.T -- Ignore unavailable to you. Want to Upgrade?

To: div5226 who wrote (484)	8/18/2002 8:05:15 PM
From: Little Joe	Read Replies (2) \| Respond to of 754

"Another point: You repeatedly affirm there is no way of accounting for costs and therefore its not possible to assess valuation of the deposit. Until a feasibilty stuidy is completed this will remain an unknown. I refer you to the Proteus Capital report on the web site written by Douglas Newby, a highly repected mining analyst" I am be wrong about this but I don't think you can do such a projection without knowing the metallurgy which in turn gives us the likely cost of extraction. As for Newby, I don't know him from Adam, but how far do we have to look to find analysists who are just flat our wrong. "Seems to me, that while you may certainly be a very cautious guy which is ok, you may have some interest in seeing WTC at lower levels to buy back in at a better price. In other words, may I suspect you of being an intelligent and subtle basher? If not, please forgive me." Well I am cautious, because I have been stung more than once when the charts were in disagreement with the fundamentals. As for the latter, I don't need WTC to go lower to get back in. It is already lower than when I liquidated my position. Also, as far as the stock goes, I have cautioned that I would not be bearish unless and until the head and shoulders breakout occurs. At this point the stock could hold and reverse. I doubt this because the price of silver seems headed lower. If silver goes lower and WTC holds on here, I would interpret that as very bullish. The point is I don't have an axe to grind. If I think there is money to be made on the upside I will go with the flow and if I think the short side is where it is heading, I will stand aside WTC and try to buy some puts. It doesn't matter to me. Frankly, I thought the idea was to discuss our thoughts freely and to evaluate what is said based on the merits of the position put forth. I have never suggested that any of the many who post bullish remarks on WTC are hyping the stock, so why would you think I have ulterior motives. If you are knowledgle and confident you should be able to defend your position without that kind of tactic. Little joe

To: div5226 who wrote (484)	8/18/2002 11:10:58 PM
From: marcos	Respond to of 754

We all talk our own book here, div ... you talk yours, LJ talks his ... there is no dishonour in this, it's just putting your mouth where your money is, explaining your reasons ... the bunch of us resource folk have been around here long enough to know who's a bullshitting sleazeball, and i promise you - LJ is not one .... now i'll talk my book - I'm waiting to see if the open gap from May fills .... morning of 21 May following the long Empire Day weekend wtc opened at 1.85 and traded from there to 2.00, having closed the friday before at its then-52-wk high of 1.70 .... these gaps get filled, for the most part ..... my previous history here this year was starting with shares at 2.60 in June, then adding later at 3.40 ... i was late to the party, it was a high cost compared to the previous taxloss season's low, so i kept a finger poised over the sell button, and offed most shares when it couldn't seem to break the 4.24 mark for the third day in a row ..... then at 3.70 or so [? - can't recall exactly] i let go the house-money 'keepers' because it seemed likely that the share was trading down, and i had other uses for the money .... all of this was due to perceptions of the chart as it appeared to be mumbling a message to me [edit - also keeping an eye on the PoAg chart as well, of course] ... so anyway, now i'm a prospective buyer, as opposed to the prospective seller i would be if i was holding long, and on FA i do indeed like the thing, and will hold it again for near certain sure ... it's just a matter of when, and at what price 'Short term moves are meaningless.' - only to those who find no meaning in them ... others like to trade, want to be in for the upswings and step aside for the downswings ..... the latter is just a pragmatic thing, and expression of a sense of adventure, looking for a challenge in the game of poking the little buttons, not a negative comment on the company or its eventual prospects ...... cheers