sad state of affairs

Oh dear...although support has started to flow into the buy side this morning, all sorts of damage is being done to WWI at the moment.

Realistically, mid 2's is a real possibility now which will probably see further liquidation as investors seek better returns elsewhere.

While WWI and BGF (Canaccord) have been spruiking the merits of the Indonesian project, the share price is about to make new all time lows after shedding 60% of it's value in just over 2 years, while resources in general have recovered quite nicely.

The most recent announcement had more holes in it than a piece of swiss cheese. There's nothing worse for an investor than the sound of doubt from management.

The share price will obviously recover somewhat from this most recent leg down, but at the first sign of strength, I will be out. Still got a swag of options which I will hold onto but patience has run out with these guys and BGF.

Marchello