RE:RE:RE:RE:Morning JoeSethGecko wrote: SethGecko wrote: TheGreekGoldGuy wrote: Seth,
The Greek doesn't necessarily disagree with your analysis, except for the fact, that Wallbridge already has stellar drill results and is rapidly expanding their resources. Its's obvious that the Wallbridge share price is currently being manipulated by shorts. I expect Wallbridge will do a reverse split next year, followed by an enormous resource estimate. Wallbridge will then be able to easily raise the funds necssary to start constructing a mill. The Greek believes that KL may have already waited to long to get their hands on Wallbridge.
The Greek here, licking his wounds from a bad week.
Then tell me greek, what are the current resources?
Seth
If its too early to tell me what the resource is then its also to early for a buyer to jump in. Its not 1987.
Seth
Btw, both Bristow and Boyd have been quite vocal lately about discipline required by the industry to re-attract investors because in the last several cycles they piled on debt for acquistions that looked great at the preliminary drill stage and which later required massive writedowns. If one overpays its bad for everyone. And KL got whackamoleed for the dgc takeout with premium even if it was a great move.
Seth