Clearly today’s announcement gives us a clear direction GOLD drilling. WAL from the last update have no debit. Mr Stroud and the team have been working on the Indonesian Gold prospect for a long time. I am confident they will be drilling there best prospect first. Lets hope all the hard work pays off. Also CLR has potential. (Takeover possible hopefully) But I am concerned with WAL’s liquidity with only 55 Million shares on issue and 17.5Mil shares being controlled by Mr Stroud I don’t see any institutional/Broker interest. (But My Broker put me in WAL)
I have also lost my shirt and am not happy. I was lucky enough to average down but I am prepared to hold for the drill results. I do think Mr Stroud is focused it a positive direction but may have made a few errors of judgement along the way.
I think we have no choice but to sit back for a wile. (Early Next Year)
WAL Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held