Ann: White Rock Presents at Sydney Resource Stocks Conference, page-4

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17/05/18

23:45

Post #: 33177424
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Originally posted by jackfisher1 ↑

Im very sceptical about buying any shares in the company, because it looks as if the directors are just fleecing the market with a constant flow of announcements that have been repeated 5 - 6 times over to keep their salaries paid and management costs high, all while destroying shareholder value with constant dilution to fund their operation that’s virtually gone nowhere for the last 2 years.

Just the same crap like, “we have a significant vms deposit, it’s in the top quartile of globbally significant deposits”, yet they can only access it 4 - 5 months of the year.

Or, “Mt Carrington will be a near-term cashflow producing asset that already has financing in place, we’re unique”. Yet they’ve owned the asset for the last 8 years.

The current drilling campaign looks to like it will pump the share price because they will be targeting the best of what is referred to as “know deposits”.

I have no doubt that if the results are what everyone thinks they will be, this will be sitting at 3 cents or higher best case scenario, worst case, 0.005 cents and under with no hope of raising any significant amounts of capital to fund further operations.

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I am very skeptical about people trashing a company that they do not hold, they tend to come across as white ants. Caught out a poster on VMS that had as his sentiment none but what he really wanted to do was buy, check for yourself.

WRM Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
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Ann: White Rock Presents at Sydney Resource Stocks Conference, page-4

Top Stories

Cyclone signs MOU with Vale for development of Iron Bear play

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Banshee's historic trenches prove rich in antimony and gold for GDM

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

HotCopper Highlights: Your most watched stocks for Week 46, 2024

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado