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14.5¢ western desert resources limited

C'Mon Norm, page-49

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Micklemickle

42 Posts.

04/09/14

17:10

Post #: 13926085
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Originally posted by reggierabbit ↑

Norm wasn't too busy to talk to the media when the "project" was launched and we all got sucked in big time. But on a more positive note, my gut feel is that Mac Bank will hang in there. They don't have a lot of choice really if they want to maximise their return. WDR is probably stepping up efforts to find a partner to help offset the repayments. If they find one then we might get out if it, but any hope of recouping the bulk of investments for those who participated in both issues, is now gone IMO. Another one down to experience: just steer well clear of any junior in mining or resources. The only ones who win are management and directors through inflated salaries. Fingers crossed folks, we deserve a change of luck with this joke of a company.

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Hey Reggie, I recall you mentioning PASMINCO? I'll never forget the losses i had when they collapsed. I was trading online but due to the rapid falling of the price my trading tool rejected my desperate sell orders. Had to phone up by which time it was too late. Some people just dont learn haha!

WDR Price at posting: 14.5¢ Sentiment: None Disclosure: Held
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