OTCPK:WSRLF - Post by User
Comment by
Malpequeon Feb 13, 2009 1:15pm
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Post# 15777651
RE: Speculative Buy, Target $1.60
RE: Speculative Buy, Target $1.60I agree it is highly speculative.
I agree it can go to zero. It will take some time to work to that end, but possible.
I do not agree 1.50 would be the target. I would say zero or much much higher.
The reasons being targets are so huge there is not much in between zero and 20s or 30's.
Also there has been much early work done that just plain failed in the area with other well targets. Some of these work plans did not have the depth and not properly planned or backed with the correct risk capital. Bad management ,bad luck not enough money the usual.
These well managed programs like WZR have learned lots from other players failures and have taken the time to put the right cash in place to see the programs thru in a professional and complete manner.