“How does that explain the two new substantial holder notices we got for a total of 65.09 million shares prior to the recent funding arrangements (all the while the share price slid).” ==========================
If you look at the back of the Change of Shareholding notices you will see shares were not acquired during the share price slide.
“In my opinion the only viable defence strategy is to keep proving up the ounces and improving the feasibilty work”
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This is exactly what the Company has been doing. Drilling will continue throughout the mine build phase.
“Actually putting nuts and bolts together on a real mine doesn't do you much good if the TO comes before you hit the start button on the mine because you aren't actually adding any value during the construction stage.”
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The mine is an asset. It’s value must be included and reflected in any takeover offer.
WAF Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
(20min delay)
