WRK 0.00% 3.1¢ wrkr ltd

ann out : will soon be swallowed, page-5

  1. 193 Posts.
    It's kind of sad to be relying AGO to take WRK over.

    That just states that management is incompetent and can't develop the resources by themselves.

    I believe AGO have their own problems to deal with at the moment so won't be doing anything with WRK for a while.

    AGO have delayed their production to the end of the year plus they have a lot of tenements which they are drilling at the same time.

    In my opinion, AGO, MIS & MMX has been overhyped because to date their "world class" tenements have not proven to be anything then average.

    AGO with just 39Mt of DSO (which a lot of juniors have caught up already).

    MIS & MMX are also struggling to prove above 120Mt DSO.

    Anyways the topic should be about the drilling results not whether AGO will take WRK over.

    On the drilling front, the results that WRK has released are not too promising. From the drill wholes that had results, the average width was only 10.7m.

    The fact that the width was not great & the fact that the whole market has been going down that's why the SP of WRK has not really reacted to the announcement.
 
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