WPG Resources hits further high-grade GOLD, page-7

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Saragian

4,750 Posts.

6099

11/04/18

16:57

Post #: 32384047
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Originally posted by sabine ↑

The Prince I don”t think there is anything sinister in this - only a matter of priorities ...
Mostly you are going to keep your house ready for your own family to stay in rather than cousins and if there is notice the immediate family are all bringing new spouses and babies home for the holidays then the cousin may not get an invite until you know how full the house is actually going to be.

....at least I am hoping this kind of thinking is in play.
Mining Plus already refocused WPG once with the decision to wear the short term pain of lower prices and head for the real money rather than messing about with less valuable areas ..
I do believe getting the market cap up is their plan but that will be via professional consistency rather than taking on Jumbuck (where they have only a 23% interest) then having to put it down again in the near future because mill is 100% operational with 100% owned ore.
I am not knocking the JV asset by any means and feel certain it is being considered in company strategies but maybe these days the WPG back is not quite so much against the wall as it used to be?

cheers
(and bring on ‘the holidays’)

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At first glance on the MONTHLY.........not a good look.......a long term descending triangle. At these levels can't do much harm if you have tight stops......(or tight spots?)
Cheers.
(Monthly OHLC chart)

WPG Price at posting: 2.8¢ Sentiment: None Disclosure: Not Held
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