OTCPK:WSRLF - Post by User
Post by
john_galton Oct 21, 2008 11:32am
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Post# 15537752
Share price consolidation
Share price consolidationNotice the share price stability above $0.80??
I'm not sure where you folks keep coming up with $0.90 and $1.00 per share in cash... I come up with $0.75 after '08 capex and Q2 financials which are the only ones I've seen from WZR.
Insider buying has dried up... they are likely in a blackout period given Q3 release pending (I assume sometime by mid-November) and drilling results pending. Otherwise, I would expect we would still see mgmt buying stock.
FYI - Scotia had a report out in early October which outlined their discussions with WZR management. WZR gave guidance on expected drill results - Scotia says WZR indicated late November for Sarquala results.
Bottom line - Q3 results will be a non-event so don't expect any catalyst in the very short term unless their is a material development on the Sarquala well in the interim.
JG