Personally I can't see why Ajanth S would choose to become involved with WC8 if they were sitting on a pile of dust, as some on here are suggesting we are. If anyone was to do DD it would be someone of his calibre/experience.. after all his actual salary is miniscule, so it is not the focus of his involvement. I also cannot see why management would add a 3rd rig, let alone the 2nd if they weren't confident in what was being unearthed with the drill bit. These are the main factors giving me the strength to hold on to my investment here. There has been a concerted push down of the SP in the last few days, which could be for a number of reasons.. a future cap raise or equity stake as well as accumulation of shares sold through fear.. by instos and those in the know. Us folk on HCare not privy to these factors, so we sit and wait or we sell. Was the rise to 0.47 & the MC to go with it premature? Yes. But with these other factors at play I am happy to wait it out for the long term.
All imo, not advice.
WC8 Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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