WFE 0.00% 2.4¢ winmar resources limited

I Hate Buffet Quotes (as most of them are wrongly attributed to...

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  1. 9,235 Posts.
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    I Hate Buffet Quotes (as most of them are wrongly attributed to him anyway)... so I won't go and search for this exact one but just give you the gist of it... I am not sure if he specifically said this one too but it is attributed to him...

    one of the things he is supposed to have said is on the lines of "your investment is not dependent on the market, so if the market is closed for 10 years, it should not matter to you"...something on those lines... what he meant was that if the company you have invested in is doing good and progressing well AND if the market (that is trading in those shares or all shares) stops even for 10 years, you shouldn't be worried... your money is making money for you - you simply cannot see it tick by tick, day bu day, quarter on quarter....

    WFE has been off the trading grid for a long time (7 months guys???) BUT if you look at the work done while in suspension is probably 10 times more than any other junior I hold and which is listed and trading every single day... so while I want WFE to TRADE NOW, I understand that by not trading I am probably not missing out any possible appreciation... my portfolio still says WFE @ 2.4c and may say that for the next XX months.... BUT the way things are moving, I may actually see some progress soon - here on the ASX and possibly now in London...

    and it has not been in suspension for 10 years as Mr. Buffet said... if in the 4-5 months it gets back to trading (Anywhere), it will be 1/10th of his so-called non trading blackout period... I can live with it... even if it was trading, the Co stocks have seen a pretty nasty fall, WFE would have been trading under 1c for sure on 20/2/2019 even with all the good work done... but now if all goes as per plan there is a very good chance to see 3c before 1c here... who knows, this suspension could be a good thing for us holders... the CGT is out of the equation now for most of us who got in around Dec 2017... that could be a big advantage - we just don't know yet....

    yes, I sound like a "baggie" now some of you may say... the fact is, it does not matter - I got in @ 0.004 average and I may lose it all - this end of the town takes no prisoners... BUT only this end of the town sees a 50-60 bagger in 2-3 years (like PLS did from transforming from drilling to producing in a few years)... so I like to take my chances... sometimes they work well, sometimes I end up with egg on my face... and you know what? I visit these pages on WFE as I hold a few WFE shares, so even though I may be a baggie, I MAY have a decent $$$ some day soon ( a good chance)... but you know who is not going to see any $$$ from WFE??? - those that do not hold and are still spending their time here....go figure
 
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