Is the bear raid over ? It's nice to see the rapid comeback in the share price this morning. I'm not one of those big money type investors but took a chance and increased my holdings in WM by 6.1% when the stock price reached 51 cents yesterday. It was really hard to wait for my price to be filled as there is always that (fear) FOMO to contend with.
At present it has almost completey recovered at 58 cents but I'm now on no hurry to take a profit. I'll probably do so eventually to reduce the risk on my core holding but there is a good possibility the WM price will continue higher yet as we anticipate some more drill results perhaps next week so its probably better to wait even if the price slips back a bit from here.
I found Eric Sprott's comments great this week. I know some will say he is just talking his own book, but his book of precious metals companies is already huge.
I almost fell out of my chair when he suggested that the WM discovery might be better than Kirkland Lake's SWAN ZONE in Fosterville Australia.
I hope Tony and the board are listening intently and get a FOMO themselves as they know what a deposit like that can do for a company.