WDR western desert resources limited

Ann: ROPER BAR AREA E - DRILLING REPORT , page-8

  1. 98 Posts.

    Hyosuk87
    It appears you do not understand exploration companies
    They will always raise money because building a mining resource costs money, the only way other than that is to sell the leases, and that means sell the company.
    This company began by asking punters to put money in.. they did
    then they went back to the punters and asked for more.. they did
    With extraordinary results half costed by a joint venture
    you have the posibility of a mine being created in the future and dividends being paid
    If you bought in the .10cent range why would you sell?

    By the time the mine develops it will have probably another 3 to 4 cap raisings, and a joint venture

    thats the fun with explorers, set your price and liquidate when it is at your expected return, I am not liquidating my holdings but did sell my WDRR rights.
    In this scenerio I think dilution is to my advantage

    Ntfox
 
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