You have assumed HCH is not simply overvalued...?
I held WAF for nearly 2 years and sold out about 6 months ago. The tipping point for me was management that announced (in late November-2012) they were targeting JORC resources during 2012 for both Sartenga and Moktedu (which was already a 6 month delay on previous expectations). I haven’t heard a peep about Metkudo since (their website still mentions target JORC in mid 2013 for Moktedu).
Good management = under promise / over deliver.
Poor management = over promise / under deliver.
So for me it came down to a simple equation of there being better investment opportunities available elsewhere. I could quite easily be proved wrong, but that’s the game we’re in.
comparison, page-2
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Last
$1.43 |
Change
-0.010(0.70%) |
Mkt cap ! $1.620B | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.44 | $1.40 | $5.115M | 3.599M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7970 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 18415 | 1 |
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| WAF (ASX) Chart |