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$1.49 west african resources limited

Ann: Capital Raising Presentation December 2018, page-124

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Prisoner24601

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07/12/18

13:12

Post #: 36784513
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Originally posted by eshmun ↑

Yes you are right and that is a consequence of them not being in control IMO. As Richard said the equity raising is just a “reality” but what that means is they weren’t actually prepared to shirt front the market and say NO, we aren’t letting go at this price, you can wait and play this on our terms.

With $35 million in the bank and with a board exercising autonomous power, waiting is a decision that is in their power and within their control and a decision capable of being made, so to say the equity raising is just “reality” is essentially either saying they think it was the best decision (ie not a unavoidable reality) or they are just puppets. I think I know what the real answer is.

If I end up regretting my accidental purchase at 24.5 cents it will really be proof of how hopeless this gold mining imdusty has become. Run by banksters for the banksters and gold is supposed to be an alternative to all the bankster crap. Apparently not when it comes to gold companies anymore. It’s now practically impossible to be a contrarian as the banksters have it all sown up.

Buy prortery? Bankers in control, property bubbles forming and bursting all over the world.

Buy stocks? Bankers in control, equity bubbles.

Buy bonds? Flood of debt on the market fuelling all these bubbles, central banks forced to by debt as last resort.

Buy gold stocks? Banksters in control, don’t bother.

Put money in the bank? Banksters in control by definition.

Buy gold? Probably the best bet as a true contrarian play as the banksters derivative markets will all collapse when the brown stufff ultimately hits the fan.

By the time this happens the banksters will own all the good gold mines cheap because the market is weak and the people who run these companies just as weak and are slaves to the banksters, plus investors sell out at the smallest sniff of a tiny profit.

60% of the register of NST is controlled/managed through nominee bankster accounts and they’ve turned that company into their own mini bubble.

No where to run, no where to hide anymore. Esh

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Great post, again, Esh.,
Like you said the other day, upside now has taken a hit to the point where risks v. rewards nowhere near as attractive. By the look of Richard Hyde in that recent interview, looks like he may have already taken that (verbal) flogging you suggested. If we don’t double our money from here it will be an absolute travesty.
GLTA.

WAF Price at posting: 24.5¢ Sentiment: Hold Disclosure: Held
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Last $1.49		Change -0.005(0.33%)		Mkt cap ! $1.866B

Open	High	Low	Value	Volume
$1.54	$1.54	$1.48	$4.076M	2.718M

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No.	Vol.	Price($)
20	34832	$1.49

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Price($)	Vol.	No.
$1.50	54640	26

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No.	Vol.	Price($)
1	3670	1.360
1	4785	1.355
4	42574	1.350
2	26140	1.345
1	4986	1.340

Price($)	Vol.	No.
1.370	46444	4
1.375	84504	4
1.380	66843	2
1.385	20785	3
1.390	109785	4

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Ann: Capital Raising Presentation December 2018, page-124

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