Yes Prisoner, I agree, but if it was such a "miracle", how come nobody else (including all the fundies world wide) seems to think so, because if they did, then the stock price would reflect this "miracle" event, and probably be at 60c or 70c or something way beyond that, as it should be. Why isn't this $1.40 or more, surely miracles deserve that?
With gold going high, and with these grades, and this deposit, WAF should be at least doing as well as other gold explorers, and even better - but it's not. It's capped and depressed. And there is a reason why!
No, something is clearly not right here. Very not right.
There is a (supposed) legal theft going on, or there is management problems.
Eventually, we will know, because it should be disclosed (later on), but unfortunately, under the current laws, surreptitious dealings can occur without (immediate) disclosure on the ASX, which makes it the casino that it is. And as we know, the house (and it's wealthy owners and backers) never loses.
The people after this deposit, and their North American fund controllers, will double and triple dip on their profit taking here, and more - much more. And as long as they are not persecuted, these crimes, by default then, are sanctioned by the established order.
We await the first bid, and guess it's timing. I'm estimating sometime between the end of the North American financial year, and the Australian financial year (for various reasons that most of you know anyway). Which means probably in June 2019.
My guess, after all the haggling, is a scrip offer by a North American company not even listed on the ASX, who will try and sell the "donkey" retail investors a story and offer that equates to about 38c a share.
And then you know that you have received a right royal shafting. What a journey eh!
Gw
WAF Price at posting:
24.5¢ Sentiment: None Disclosure: Held
(20min delay)