Mt Carrington is a stranded assest in my view, I've also been told that the ore bodies at that deposit host lots of Arsenic and could potentially raise added issues when permitting, along with the very strong lock the gate community in the area.
From todays trading action the bottom looks like its almost in and the share price getting ready consolidate before the next round of drilling kicks off. A lot of uncertainty still exists due to todays heavy selling, I would image that every shareholder that sold today would be doing so at a loss.
Like you mentioned, I only see the value in holding for this drilling campaign over the next 3 - 5 months, due to the companies capital position and future ability to raise funds and not dilute shareholders into oblivion.
If the results are anything like what is historically there, this will easily be a 3 cent stock.
WRM Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held
