Well done to holders who were able to pick some up when it briefly traded around .005/.006c.
I have sat back and watched and tbh, thought i would be able to take up a position post share consolidation, for around 40-50c.
How wrong was I.
But, I still feel like I need to point out, i think many investors are not fully aware what level they are buying into.
Once the CR takes affect late July and the consolidation 100-1 takes place, at current levels, WRM will trade with 45m SOI at $1.30
thats a market cap now of about 58m, for a company that has a massive anomaly and barely even a soil sampling program completed.
I can only hope a lot of investors, now late to the party, are fully aware that this is the true current company valuation they are buying into.
It would be incredible if they hit some economic gold grades first up, it rarely happens, and especially with a huge area to explore.
their cash at bank is very solid though, so i can understand why the SP has shot up, but at the eq. of $1.30, i think some common sense needs to occur, take some profits is my advice.
Remember, over a billion shares comes onto the register in a few weeks, from the retail crowd, who got them at .003c, thats when there will be massive profit taking.
Expand