news coming ?, page-25

JC,

You seem to be under the impression that it is the job of the company to manage the share price rather than to manage the company. Not sure where you get that idea from but I realise it is not an uncommon disconception. The company didn't make people buy shares to $5 nor did it make them sell for $1.40 and its not the job of management to convince anybody of what they think the share price should be. They are there to manage the company to mining and that is what they are doing. Its the markets job to value the risk / reward and set the price.

The share price is a reflection of what people are willing to pay and / or how cheap others are willing to let them go. All involved make their own decisions for their own reasons. I for one am glad I didn't believe all the crap and dump mine for $1.40 last year. Would it have been the company's fault if I was silly enough to do that (no insult intended for those that were forced to sell when margin loans were called in) ?

Also you seem to be of the opinion that if the share price falls and the market cap drops accordingly then the company has lost $230mil. Lets clear that one up also. The market cap has absolutely nothing to do with what the company has in the bank so the market cap increasing doesn't mean the company has more money in the bank any more than a reduction in the market cap means that the company somehow lost money.

You say "Now mate the drop in the share price of around 230 million dollars is in my opinion an eye off the ball thing. 230 million would buy all that is there plus more". Not sure what you think the company can buy with its market cap. A market cap isn't a credit card, you can't just spend your market cap. The market cap is purely a calculation of the price for the very last trade multiplied by the number of shares on issue. It doesn't reflect what you could buy the entire company for, what you would get it you sold the entire company, what it would be worth if you broke it up and sold of its bits, or anything like that.

So none of us know exactly what this stock is worth. We all have opinions and we all interpret the information available like we do for any other stock. Some thing its worth many times more than it is currently trading at and they sit on a long position waiting for the data that proves that belief to those that don't see it. There are those that think the entire thing is a scam and don't hold. You just need to decide which you are. No point seeking reassurance for decision already made. Such reassurances won't protect you if it all goes south any more than not holding will reward you if WM is right.

I hold and expect it to take another 2 years before the share price truely reflects the value which I believe is there.