Ann: Massive Sulphide Mineralisation Intersected in Drilling, page-10

If I’m so completely wrong why was I recommending this as a sell over year ago when the stock price was sitting at 2 cents. Now WRM is trading below 1 cent with clear supply at the 1 cent level.


Before the last cap raise there was clear supply at 0.015 cents with constant selling at the level, now the same thing is happening at 1 cent with constant supply continually getting sold into the market.


As for my comments on Heron Resources, I stated my view was a sell when the share price was 64 cents in April and come early June the share price was sold down to 55 cents.


When I look at an investment, I look at the worst case scenario based on the known facts of the company, management history, sector / commodity before investing a cent.


Looking at the worst case scenario before you invest in a company will make you a more successful and logical investor which over time will improve your returns.


The biggest issue with WRM is the fact the management (career directors) don’t give a sh** about shareholder value.


They’ve had Mt Carrington since 2010 costing $420,000 per year to keep on care maintenance with staff costs totally $1.2 million a year. I just don’t see how a company with so little going on can justify paying such a large board and management team with 0 results to show for it except lining their own pockets for years and churning out a constant flow of the same announcements.


The problem with hot copper is that some people cannot handle comments that go firmly against where they believe a company is heading. You see so many posts that just constantly up ramp on every thread by posters with rose coloured glasses firmly attached to their face.