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WPG wpg resources ltd

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Sounds like you have had a bad run of luck mate, I was all in...

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Tubsfahkwah

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30/07/18

19:55

Post #: 34632222
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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 !

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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
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Sounds like you have had a bad run of luck mate, I was all in...

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