WPI 0.00% 2.5¢ west peak iron limited

I have to admit, I like the look of WPI and have made some coin...

  1. 765 Posts.
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    I have to admit, I like the look of WPI and have made some coin trading it. I will likely buy and hold closer to D-day, but I don't think it's close yet. I could be wrong and congrats to holders if I am. I'll be off to look for the next one. Just thought I'd add my 2 cents.
    An average to poor acquisition for SRT may have a more negative effect than some think. I'll be the first to admit that MW hasn't missed a beat yet, so there's no obvious reason to be less than optimistic here. But let's call it how it is. The man creates nothing. He makes money for himself and others off the ideas of others. There's nothing wrong with that- it takes several kinds of genius to make a fortune, but if there's no idea to sell, then what? Therein lies the risk of shells. People talk about fair value, but the value of a shell is in the cash they hold. Everything else is speculation. This one is undervalued compared to other MW ventures, which leads the intelligent individual to wonder why. Personally, I think it's just a matter of time, but I could be wrong. SRT is way over-valued ATM, and if I was more of a gambler I'd drop some money in there and use potential profits to then buy here. $16 mill is one heck of an expensive shell. The question is- how long can MW keep performing miracles? And how much is the gamble worth with the returns narrowing each time he does?
    Overall, I tend to think this one will work out for holders, but don't fall in love, people.
 
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