WDR 0.00% 14.5¢ western desert resources limited

No junk status Mickle. As I said yesterday Mac won't pull out,...

  1. 1,185 Posts.
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    No junk status Mickle. As I said yesterday Mac won't pull out, they have too much at stake, so the board should be able to work something out on loan repayments. If they can get this thing performing as it should have been for 6 months without being launched on a fingers-crossed basis then there will be no real dramas with bankers and the need for capital. As for holding the stock I'm not a financial adviser so I can't offer you anything other than my opinion. Personally I have to hold. I bought at an average of 70c and just can't stomach another thumping loss. I am so disappointed b/c I really thought I'd got it right this time. WDR ticked all the boxes even if the iron ore price tanked. I am more annoyed with the silence of the chairman and MD throughout this whole cluster f....nothing but a release with figures. The first thing professional companies do in a crisis is talk to holders and try to calm the market. Nary a word. They should all hang their heads in shame. As for a potential takeover, I reckon someone could come in now at 30c and steal the company. I also believe this morning's "rally" will be short-lived unless we hear from our leaders, who to date have led us to the edge of a cliff. Well done guys. I hope we can get out of this folks.
 
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Currently unlisted public company.

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