WAF valuation, page-154

Richard is either clueless or simply being evasive

The current state of the share price is due to (a) the lowball cap raise, (b) prolonged period of festering market anxiety about the cap raise that proceeded the actual cap raise, and (c) malignant forces that conspire to keep the sp below 25c to minimise the extent of further dilution.

Diabolical technical indicators and rotten company sentiment add to the mix, providing a negative feedback loop effect, but I’d still regard these as symptomatic rather than causal factors

Someone (@nordesmic ?) made the point that success of Australian gold miners on the world stage is because they specialise in mining and mineralogy rather than precious metals speculation.

I aee the logic of this and accept it, but boy oh boy - I wish these guys had an ounce of the business acumen needed to navigate a listed company. They never seem to be in charge of the narrative. What’s been achieved here is in spite of these buffoons, not because of them