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.
You have assumed HCH is not simply overvalued...?I held WAF for...
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Last
$1.51 |
Change
0.045(3.08%) |
Mkt cap ! $1.546B | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.51 | $1.47 | $18.09M | 12.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 49177 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 90717 | 8 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| WAF (ASX) Chart |