Ann: Quarterly Activities & Cashflow Report, page-11

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Bortgm

1,268 Posts.

173

02/02/17

15:28

Post #: 22324019
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Originally posted by christo1 ↑

I lost confidence in this share today . . . and dumped
The reason is that if you look at the recent road show info WRM are putting out - they say their financiers CRM provided the money line for Orinoco as well as a couple of Canadian companies
Take a look at this share Orinoco . . much lower grades than what was claimed originally (from what I can find out reading all the post)
This doesn't give me confidence in the grades WRM may or may not have
If Orinoco can get the whole way down the line like this after years of investor loyalty - and then cease trading - what could WRM do?
What makes its prospects any different?
Is CRM a credible backer - in terms of what they back

The fact that WRM would even include this on their info sheet says they don't look deeply enough in to their marketing. It doesn't say much for the cred of CRM that they would get in to a position where they are financing a company like Orinoco that doesn't have the goods in the first place

I think Jack has a point re WRM's 'inferred' resources

I have decided I want to be with producers - its a less risky game as there are some knowns rather than these unknowns - or at least to invest in companies that cross the T's and dot the I's

Its a small thing - but when you are raising interest in your company wouldn't you make sure your email newsletter service is working - on your website
I contacted WRM about this and haven't even had a response
Small things I know - but this crowd aren't giving me confidence
It comes across as a traveling road show - not a serious proposition
Details matter -
and Investors putting their hard earned in to a share should get service from the companies they want to invest in
This crowd comes across as slack to me
Somehow I just don't trust them
Its a gut thing

Why is there so much selling in to a campaign of promotion
Who are those sellers?
Is it coming from inside?

It doesn't feel right to me

Expand

Each to their own I suppose. Good luck with your other investments.
Your reasoning is a little convoluted to be honest.
If I was a sceptical person I'd say you were part of the obvious tree shake.
I remain quite relaxed about the prospects of White Rock. There's always risk at this juncture but if they can get to production the stock is massively undervalued. The risk/reward ratio is favourable in my eyes.
But as I said, each to their own.

WRM Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
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