Australia's largest stock trading and investment forum Australia's #1 stock forum

WPG wpg resources ltd

0.00%

1.5¢

All will be revealed in it's own time, page-7

First 7 Last

Share
Profile

Follow
Tubsfahkwah

4,802 Posts.

303

30/07/18

19:55

Post #: 34632222
Share

Originally posted by John Veet ↑

Interesting comment Gekkko about mining service contractors and potential conflicts of interest : sadly this is the second time I have invested heavily in a mining company which initially had good prospects and management with a prior successful track-record BUT made a funding deal with their mining contractor when the going got difficult. The outcome in my first case was that the mining contractor did very nicely from assets under administration but retail shareholders (like me) ended up with their capital diluted by a factor of 0.00476.
What do I conclude....once bitten....twice bitten.....so NEVER AGAIN take this kind of risk with my SMSF investments !

Expand

Sounds like you have had a bad run of luck mate, I was all in with my super at one point. I looked at the quarterlies, made a few phone calls and got out with half. Learning lesson for both of us. I reckon there are quite a few on HC who have lost quite a bit.

WPG Price at posting: 1.5¢ Sentiment: None Disclosure: Not Held
6 Upvote

0 Great analysis

Reply

Top Stories

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Most investors will get this earnings season wrong. Will you?

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

ASE

Astute delivers high-grade lithium hits at Red Mountain

First 7 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

All will be revealed in it's own time, page-7

Top Stories

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Most investors will get this earnings season wrong. Will you?

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Astute delivers high-grade lithium hits at Red Mountain

Featured News