RE:Nonsense Contributions - No Response RequiredOn the contrary, when anyone presents a reasoned analysis which may have a negative conclusion, and the permabull pumpers who are in love with the stock, maybe because they believe in the story, or have made money so far, or maybe are paid promoters, cannot refute any actual points of the argument, they resort to ad hominem attacks.
The point here is not that this is a terrible company. It is a decent company, probably one of least worst operations in the gold space. But the bull arguments always amount to that operations are going well, and they are unlocking potential, etc. However, the argument is not against the direction of the company, or the management, or even that the assets are not good. The argument is that the assets are not so great as to support the market cap, that it is simply NOT WORTH HALF A BILLION DOLLARS. And nobody seems to be able to present a reasoned argument to support that. It was a decent buy at $2 when the big fund was unloading, but at this price, I am mainly negative on the valuation. The general comments about mining being a POOR BUSINESS for the LONG-TERM SHAREHOLDERS are general in nature, not directed especially at Wesdome, and I think in view of financial history of this sector, quite apt.
The capitals make the point in the least words possible. That is the crux of the argument. Happy to see a refutation via valuation model.