I am a new investor in Australian micro/small caps and totally new to HotCopper. I have been searching for a number of mineral exploration opportunities with or about to be with some sustainable cash-flow to buy and just hold. Among others, my search and subsequent research brought me to WMN.
My opinion only: From the filed materials I have seen and the name research I have made on the parties involved; this company is on to something big. Everything I have been able to find points to a major success - products, partners, agreements, location, etc. While, of course, I know that ANYTHING can happen - good or bad - seems to me the only big risks here are management and force majeure.
Management and the parties involved in this Company (and becoming more involved as time goes by) seems to me to be top of the line with great knowledge and experience in mining and finance leaving force majeure as the main unpredictable risk. To the extent possible, good management (as I believe exists here) will minimize the impact of any force majeure in their corporate planning. As such, I can see no reason not to invest in this little, what I believe to be - "monster-to-be." While a so-called short-squeeze might be affecting the price right now, I read this stock as having a much higher value, on its way to a much higher price (again only my opinion) and therefore still a bargain purchase.
Even if the price is somewhat higher now than its lows due to a short squeeze, as a NON day-trader, from my point of view the risk is that the price will keep going higher regardless of this "squeeze." So for me, I believe the time is now to buy. That being said, am I missing something here? With no experience in ASX stocks, I would appreciate hearing some insights from those on this board that are experienced here. Please let me know where I am going wrong, if I am!
Thanks in advance for your help and sorry to be so long winded!
I am a new investor in Australian micro/small caps and totally...
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