RE:RE:RE:RE:RE:RE:RE:A quick read for those interested"If what you write is true that most investors are willing to get just their money back"
I never wrote, "most investors are willing to get just their money back"
It does not take most investors, or even many investers (or traders) to create serious resistance pockets. If only 5% of the institutions wish to trim their exposure, at cost (mid .50's and/or mid .70's USD ) that can create significant resistance, especially at these low volume levels. Hopefully, volume will improve to mitigate that once WBJV is up and running.
I'd love to see a well priced buy-out. Now is not the best time for such hopes, given how depressed PGM prices are.
Obviously, I am still hopeful for this stock, or would not have added to my position last week. But I am also realistic that we will need to wait for metals prices to rebound somewhat to see either a very positive pre-feasability study, or any real buy-out interest. What kind of ROI would you expect from a Waterburg pre-feasibility study with Pd at $650 and Pt barely over $1000? I would not blame the company if they choose to take their slow time working on the pre-feasability study, in hopes that a rebound in prices will help brighten the picture.
The resource update is another matter, in that they should release updated resource numbers when they have them, given that is a material event. I agree that this appears to be over-due.
I'd like to see WBJV starting to produce without any major glitches or delays. That should be worth something, near term.