WPI 0.00% 2.5¢ west peak iron limited

Ann: Quarterly Activities Report and Appendix 5B June 2015, page-37

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  1. 12,115 Posts.
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    All to their own strategy with both RSL and WPI... but to me there is no comparison... hence, what I did I bought both...

    The reasons I bought RSL:
    1. I think they will have acquisition first hence will make more gains initially.
    2. They are trading close to their base.
    3. MW hold heaps...
    4. They know they only need to buy tech to create wealth and share price appreciation.
    5. They have raised cash means they want to do RSL first.
    6. RSL been a hunt for ages and failed twice.
    7. Another Cicero Member joined... few other reasons but I guess these are enough...

    Why I bought WPI:
    1. Small market cap
    2. Less free float
    3. Management all loaded
    4. Share price appreciation with least effect to market cap. Means at 4c, WPI will have a market cap of 8m and at 6c it will be 12m and at 10c it will be 20m... not saying it would happen just using it as an example.
    5. If RSL makes a good acquisition WPI will get benefit as Market will anticipates a similar or better acquisition for WPI.
    6. If WPI makes an acquisition first, it would still run... Win win situation both ways.
    7. If RSL makes an acquisition, WPI won't be cheap at that point. Perhaps I would be paying 3c plus by that time hence I have to get in early...
    8. After RSL acquisition, good or bad, I will have more capital to inject into WPI...

    Hence, in my opinion, I don't have to make comparisons... I just need to play wise to make the most of it...

    Cheers and all the best
 
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