Share
5,658 Posts.
lightbulb Created with Sketch. 1031
clock Created with Sketch.
26/11/20
14:07
Share
Originally posted by invertedva:
↑
I wouldn't worry too much. The recent dip will mean their will be a lot of nervous sophisticated investors from the recent capital raising are suddenly happy to accept anything close to 21 cents. We are still churning through that. Also, the near-term upside from WE-3 is greater for WGO than Strike, by virtue of their relative market caps. (i.e. think about what a 50% in resources from WE-3, should it succeed, for either company). Said it many times before, but WGO is the better 6 month play now. But have more (for the long-term) in STX.
Expand
Hilarious that one of their slide "highlights" is that 10% of shares are now owned by insto's which is an increase. I have no doubt these are the same insto's that have gambled on the cap raise and dumping at the moment trying to get their money back near 21.