holdings in wedgetail mining, page-3

WTE has been a massive drag on NTA. I have held both LRF and WTE. Managed to make a profit on WTE, but more dumb luck than good management. Luckily got out before the rot set in.

Also soldout of LRF unhappy with the way the sharebuyback dried up when the shareprice dropped to around $1.00. A buyback is meant to increase share holder value, they should have been loading up at these prices. Instead wait to after friends from big end of town have got in, with share placement of the options that were not exersiced. Only then did they crank up sharebuyback, probably to ensure that friends could take a quick profit.

Feel sorry for those that have held since listing,may not have exercised because of the poor shareprice, due to manipulation. Only to see future profits eroded buy the off market placement which slashed the NTA.

Clive Donner is also on WTE board so that explains LRFs large holding. It is interesting to read the WTE thread, which implies much inuendo about lies and deciet.

Although Clive Donner and team seem to be good at picking stocks (WTE aside) and doing deels, they do not seem to have shreholders interets at heart.

Probably much better option to research some of there holdings and invest individually. It appears there are some real gems. Like RIV and AG0. I hold EDN and have recently purchaced CUO because it should be coming into production shortly.

LRF would be worth looking at if WTE turned around but that looks along way off. It appears Linqs large investment in WTE was done with the heart and not the head.