WDR western desert resources limited

cap raise out

  1. 1,362 Posts.
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    Wdr
    There has been a lot of rain in the roper area and it must have impeded progress. But financially the company is full stream ahead and they now can put any environmental concerns to bed and get on with getting this iron out of the ground. Hopefully they will send the resource to the gulf not
    truck to Darwin. What a crazy idea? Doesn't make sense. Anyway the sp has run to the cap raise level and bounced today. If the Market commence
    rising then wdr will also follow suit. I think .32 to .35 represents good value and if the company gets upgraded in the near future by brokers it will run back to 50s. Once the progress is made on the infrastructure is made. Then we will be in for a surprise with this stock. Bearing in mind if the general seniment of the Market is positive through to dec this stock will certainly move beyond 40c at least. Good luck everybody

    Brownie
 
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Currently unlisted public company.

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