WAL 0.00% 0.6¢ wavenet international limited

Clearly today’s announcement gives us a clear direction GOLD...

  1. 1,401 Posts.
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    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)
 
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