WTM 7.04% 33.0¢ waratah minerals limited

Graphite Funding, page-11

  1. 1,273 Posts.
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    Other than perhaps going into administration, I really don't think this company could have been managed any worse.

    I'm not one of those who is so bitter to hang around bagging a company, or in this instance, it's woeful management.

    I just hope people do understand that BAT can go much lower than 1.3 cents. At this price, it is valued around $30 million.

    Even at a third of the price, it would stil

    l be pricing in a lot of 'potential'. At .4 of a cent, it's capitalisation would be about $10 million.

    If you are paying or holding at today's price, you're saying that BAT is worth more than $30 million.

    Be true to yourself. Is there better value elsewhere?
 
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