Ann: Notice of Meeting for Woodlawn Funding General Meeting, page-20

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traydor

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20/07/17

09:32

Post #: 25973496
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Originally posted by miningmad ↑

I'm not sure how you expected the venture to be funded arsenic.
It's easy to be the armchair critic; much harder to be in the decision maker's seat.
Small investors need to remember they are just that - usually they buy, hopeful of a quick multi-bag return before moving to the next play. When they get stuck in a stock, the blame game starts.
Ian Buchhorn saw the potential of Woodlawn as CEO at merger time; you can't put him in the same basket as the speculators.
The majority of small mining stocks come to nothing; Heron is on the verge of production.
This is a genuine team trying to build something - not too many new mines get up and running each year.
I give them credit for reaching this stage - raising 8x your market cap is an achievement in anyone's language.
If it were done with less equity, there would be more loans, and that's a riskier game.
As for today's grades, 7.5% plus Zn grades are brilliant on their own, let alone the credits.
Finally, the $207 mill NPV was based on the starter case; it's all upside from there, and that's why results like today's are significant.
Anyway, wasting my breath - no-one here seems to see anything but negatives.

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"Ian Buchhorn saw the potential of Woodlawn as CEO at merger time; you can't put him in the same basket as the speculators."
Bollocks!!! Why did they spin out ARD!
He is not capable of bringing a deposit to production, ARL will get sold of as well.

HRR Price at posting: 7.3¢ Sentiment: Sell Disclosure: Not Held
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Ann: Notice of Meeting for Woodlawn Funding General Meeting, page-20

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