WCL 0.00% 39.5¢ westside corporation limited

feels like a shakeout, page-13

  1. 11,122 Posts.
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    Well I am waiting for it to hit 35 cents before I buy more. Averaging down would be sensible on this one at present.

    The whole market looks like it will get a good shakeout. Even though WCL has not moved for about 5-6 months it can still fall a lot if the market retraces back to the much lower levels of May.

    The whole CSG sector is very speculative, and for the tiddlers we are all waiting for a white knight to buy us out at the sort of price achieved by Pure Energy in a very compressed timeframe.

    We could be waiting 10-20 years, just like those investors in WPL had to.

    Stockanalysis has WCL as its cheapest CSG play, so I will stick with it and see what the Galilee tenement shows.

    loki (in for the long term?)
 
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