One poor quarter and the well is going to be completely dry here. Nothing to do with Sales anymore - as someone rightly pointed out its all about cashflow now. Still quite a bit of upside if they can see out the downtown - for me I think if WRR can't strike it rich in a boom (say the past 3 years) what chance does it have of surviving a market where even the big boys are struggling.
FYI - Absolutely no chance of WRR receiving further funds. Can you imagine WRR trying to find private investors : "Yeah I know we've made a loss year on year the last 8 years but things are REALLY going to be different this time." Statistically a milkbar could have accumulated a better profit than this dog over the past 10 years.
WRR Price at posting:
50.0¢ Sentiment: Sell Disclosure: Not Held
