WPI Market Cap analysis, page-130

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04/02/16

23:08

Post #: 16946191
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Originally posted by Jezzy ↑

Xingdong I hold both WPI and BLZ and agree that WPI likely to be the next shell before BLZ.
However your post is incorrect regarding BLZ and needs correction...
MW invested $239,000 of his own cash into WPI and $224,000 into BLZ. Sure, WPI is more mature and further along its ASX path so his initial investment here is now worth more but BLZ will surely follow a similar path. Your comments about BLZ being less of a MW shell than WPI (or just a cicero shell as you put it) are hence invalid since his own cash invested into each is essentially equivalent. And remember BLZ is 84% held by him and his Cicero associates. Furthermore, as per BLZ last announcement it is in fact completely debt free and there is no 'issue' with any company - rather it has achieved the desired outcome that it can release its tenement to KMM rather than settle with cash - exactly what they will want to do to transform from resource company to tech/industrial acquisition.
Sorry for the long post mainly setting right facts about his other shell, but it doesn't do for you to downramp another stock with incorrect facts.
Both WPI and then BLZ (and possibly CAV even later) will do very well I'd think. Especially with SRT starting to fire up again as we have seen today.
GLTA
J

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excellent post and totally correct

WPI Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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WPI Market Cap analysis, page-130

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