Buy more now or wait til consolidation, page-3

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Cholocar

1,348 Posts.

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26/07/20

18:24

Post #: 46075301
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Originally posted by Nortalk: ↑

Usually the price post consolidation declines but there are other factors to consider with WRM. As QH indicated, these shares are currently on fire sale. The drill program is scheduled to start about the same time the consolidation happens. Some investors currently on the sidelines will want to have their position as drills start turning. Also, don't underestimate the level of interest QH and Palisade can generate in North America. If WRM were listed on the TSX-V it would probably be trading for 2X to 3X the current price. The difficulty for North American investors to buy ASX shares is a huge barrier. Most people I know in N.A. who invest in gold exploration companies have never owned ASX listed shares.

A while back I posted that I thought there could be some weakness heading right up to consolidation or even a bit after as some investors might not want to only own 1/100th the share count but that was before the huge wave of PP sellers drove it down from 1.3 cents to 0.5 cents.

Apologies for the long winded reply.
Bottomline: I think the risk of not owning more shares far outweighs the risk of further decline due to consolidation. I was buying plenty last week.

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got it i see. thanks buddy.

i was contemplating this and doing some scenarios and predict that it could really spike after consolidation so best to buy now. hope im right.

esp now i can see that the .3c peeps are gonna dry up in a few days and only long holders mainly entering and a good chance sp will go up after consol. Not only long holders but also more instos entering.

WRM Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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