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17:23
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Originally posted by Wieman01:
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I have been a shareholder of this company for a few years now so I know all the disappoinments with this company and I have also witnessed the slide in the SP towards the $ 1,- (new price). I have bought shares higher than the current SP and lower. I have red quite some quotes on this platform. Some very intersting to read, others not so. For me, as I have stated in earlier remarks on this platform, this company is trying to improve its life. They put in place a 5 point framework on which to "judge" the company. I am doing so. Up to now it is my impression that they walking the road towards a rerate of the company. They at least have improved the content of its press releases. The one issued today is an example of that (and I know that things can change, especially financial, but that is a fact of live). At least I appreciate that they are trying to explain to the SH what they are doing in a timetable and they also try to inform us with the "financial burden" of their actions combined with a view of how to finance that. So I got the feeling that they are really trying to inform us better. Ofcourse I know that trust is not easily won and lost very quickly (in my country there is a saying "vertrouwen komt te voet en gaat te paard"). So there we are: I see a miner with not the most easy mine to operate, with a lot of failures in the past.I see a management trying to improve everything (including communicating with the SH) and still a lot to do.But what I also see is a company with a lot of OZ in the ground and a market cap of under the A$ 200 mln. That tells me that there are still a lot of negative feelings surrounding the renamed company and that the SP is showing that. Fine for me, with a bright future ahead for the POG and a improving miner with lots of potential (if you believe what management is telling us) the most important lesson I learned in my active working live is spooking in my head namely: it is all in the price stupid (in this case the stockprice) and thinges can change for the better.If this turnes out to be true than WMX has a bright future.And if you don' t believe the story than sell the stock and move on.
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Agreed, they are certainly priced with some level of failure based on a history of under performance. Currently it seems like a level of stability and achievement inline with what has been publicly announced. This may be a driver for the SP support >1.50. "IF" the company delivers its 5 points the potential is significant. The SP will move up and down by the probability of it achieving or not achieving this. Currently market is showing minor optimism towards progression over failure.
