GREY:WFEMF - Post by User
Comment by
74volframon Dec 17, 2014 3:35pm
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Post# 23241498
RE:RE:RE:a good mine plan
RE:RE:RE:a good mine planApparently, Canadian mining investors prefer to be dazzled with wild claims and excited commentary rather than having to sort through numbers and available data.
When former management was advertising the 400M++ value of a flooded mine, investors were eagerly buying that, as long as the SP was going up. But how many people actually profited from it? only the the very few that were smart enough to see through the hype and sell at 20-30c when people were looking at $2-3 targets.
CSE is also a slow churning exchange and a pain to trade with, without much of any following outside Canada. The US OTC (WEFMF) lack of liquidity reflects that. But CSE has also advantages over Venture. For one, it is reported to be easy to short Venture stocks even at penny levels - and the average Venture junior miner has lost way more than Woulfe in this downturn. On top of that, it is tax-loss end-of-the-year time. so selling at a loss may be worth more in write-off than buying, even at these levels (it will be over in 10 days but it will be painful). And there are really only about 200k shares offered between 5c and 10c, which may be old asks from previous days. less than $15k would take them out.