WSR 5.88% 0.8¢ westar resources limited

Probably need to look at WSR with a fresh set of eyes rather...

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  1. 1,094 Posts.
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    Probably need to look at WSR with a fresh set of eyes rather than what has happened in the past.

    The mining spec market isn't exactly on fire. Only certain parts of the mining spec market is moving and lots of pumps and dumps everywhere.

    WSR just got a new CEO who took over from being just an exploration manager.

    WSR has $2.6 million in cash and should have a bit more than $2 million left after this quarter based on previous quarterly.

    Company is looking for acquisitions, has another project (with news also pending).

    If further sell down occurs, then this just becomes an even cheaper shell.

    If WSR market cap was at 10 million then fair enough, probably not worth that, but at current market cap and cash holding?????

    DYOR.
 
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