WCN 9.52% 1.9¢ white cliff minerals limited

Who's Selling?, page-12

  1. 21 Posts.
    Hi All, I started watching this stock a couple of weeks ago when I saw the bloodshed. I have been quiet but reading all the posts. I did a bit of research on the company directors and the project etc.

    The project is excellent
    I checked the $1.1 Million in other expenses by checking the quarterly reports (June 30 is good as it summaries the financial year). in 2015 As far as I can see they are just the normal items, mainly admin at 641K capital raising costs low at 75K, repayment of debt 210K) etc.
    In 2016 the admin was a bit high at $895K so I looked at the annual report, look like they repaid a con note 500K ex that, the admin is actually lower

    Nothing odd going on that I can see but I am not an accountant DYOR.

    I looks like they have had access problems at the project for the latest announcement but they are in there now.

    I think the selling is overdone so I have put my money where my mouth is and bought a few. I can't afford a 110 million shares though so someone else is buying up big.

    DYOR. C1
 
watchlist Created with Sketch. Add WCN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.