re: ann: swd: ceasing to be a holder in wgr, page-5

re: ann: swd: ceasing to be a holder in wgr SunburntLand
You have made some very thought provoking comments.

We live in a market where very few buy and hold and the turnover of shareholders could be 75% every year. In a market that is not going up shorters reign supreme and by default force a share price ever lower day by day.
shorters

Now you mention the MLX connection and how the share price has gone backwards since they came on board.

It is obvious negative games are in play with the plan for a future payoff.

There are only a number of ways this game can be played. If you look at what has happened up in the Northern territory there are clues. Has there been any drilling in the last year and have they found any more ore.

They have taken over Aragon, done a lot of talking but aside from talking what have they done. They show pretty graphics but blind freddie can see some of that ore could be 1 Km down.

Do they have good assets? The answer is clearly yes. What are good assets worth if they just continue to talk about them and do very little work? The answer is clearly very little.

So day by day the shares become worth less and less.

This is only of value to someone under certain circumstances. One is to run out of money and liquidate the assets to a friendly organisation. Another is to have a share issue and make the deal so lousy only the in crowd is in on the deal. Another is the issue to Sophisticated investor. The concept of sending a good company south to pick up the assets one way or another has been around for a long time.

Their must come a time when small sums of money on this one could turn into a lot when they turn the game around.