Lol that’s a really cool picture, but why does the SP continue to slide? Look at the real picture below....
Meanwhile the price of gold has been going up! Umm....Something doesn’t add up?
Maybe no one believes it’s so rosy so no SP growth?
Catalysts during the price slump $35M and $43M placement to dump again? Decision to mine.....fully funded......de listing TSX........all negative affects from big positive catalysts or pump and dumps should I say? None very well received by the looks of the market reaction.
Thats why I ask for share price catalysts of what might possibly increase shareholder value from here on forward. No one can offer any. I mean look at what the so called previous good news has done? It’s all about making money right? You might find it funny with the lols but how many out there losing money aren’t laughing?
BTW I wasn’t talking about anyone in particular with the apologies comment.
I realise contrarian views and peer comparisons for shareholder growth potential aren’t popular but if nothing else makes think about it and reassess their situation. Up to them what they decide to do. I’m not a HC heart I’m not trying to influence anyone. Just putting my views out there same as anyone else.
I don’t like this part either.....”
High grade mineralisation intersected (
/t) in deep exploration drill hole at a down hole depth of 862m
”
Dreaming if almost 1km underground will get tackled anytime soon, especially when it’s 200m beneath the main resource. Worse if you have a high concentration it generally says the rest is low grade crap. Is it right WAF have 1.46M ounces at 1.3g/T at M5 for open pit. That’s half your resource! A lot of dirt needs to be shifted for half the gold. Maybe that’s down the track, like way down in 2021. So much for that magical $640/T low cost wouldn’t you say??
It has always looked fishy to me this resource and the more I look the more holes I see in the pretty picture. With time the truth will come out whatever that is.
So I go back to my main point.....what is going to make the SP grow to bring holders money to the pocket? $200M Debt or 2 yrs of some tiny scale mining at a really high cost isn’t going to do it.
Just my opinion from the outside looking in, no rosy glasses here. DYOR
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