RE: RE: RE: RE: Take A Closer Look Thanks for the responses,
I believe there are two opinions (or camps) that both have merit to consider here in your responses.
I just want to repsond to one poster first - there are no other juniors with a Elephant Size, Untapped, High-Grade Iron Ore Deposit with Favourable Government & Contacts, and Massive Chinese Investment in Them and all around them - in the World...show me it please and I will gladly invest in it s I believe Iron Ore is the Next Oil... : )
Someone commented - why would you spend money in an extremely "down market" on too much "promotion" until you have the "goods proven" and the "metallurgy released"? Even "good news" right now is mostly being absorbed (and ignored) by the market with little reposne...juniors are going bankrupt all around us right now blowing up their treasuries, desperately trying to keep afloat their unproven shareprice to try to do further financing without dilluting to a loss of controlling share percentages...its scary out there for most...WAI has $30 Million (and more if they needed it)...
But I am also a very strong believer ( as another commenter stated) that a "good story", before it becomes "fact", must be told...A Good Retail-Base Coverage and Support, Analyst Coverage (our recent poster is incorrect is saying there is no analyst coverage. There are in fact several reports out, albeit not brokerage coverage so much per se, ...just do a google serch, and in fact one of the most respected analysts "Rolston" is following WAI) are critical, and a strong "Investor Marketing Program" telling the story are essential as well, to get the investor base "ready to respond" and diversify the shareholders, for when the company does in fact "prove up" their resources and tell an exciting (hopefully) metallurgy story...I think WAI are dropping the ball on this,and I have mentioned this to the CEO, but if in fact they do have the goods we believe they do, its not so bad. The Company will be worth minimum $2 per share in the next 18 months if they did in fact have multi-billions in the ground...and that is a home run in my books, and I bleive could make alot of millionaires out there who actually had a tiny bit of faith and held....
From speaking with Guy Duport (the CEO and also major share holder) his philosophy is very different from the usual Howe Street suspects (which is what drew me to follow, and then invest in him in the first place), along with the "Elephant Size", best located, untapped Iron Ore Deposit on the Planet, as stated by several independent sources. Guy believes in proving up the true goods before shouting it from the rooftops - what a concept Haha! You don't hear too many Howe Street guys saying that. That is because he isn't a Howe Street Guy. He came from 13 years in Bejing and was previously based in London working on African deals in Private Equity groups...He belives in the Private model of "proving up the resource and then selling it to a major, or building a mine" ...This takes time...This is because most of them want a "pump up" to blow off a good chunk of their paper on the front end of the deal...then they really don't care what happens to the stock or its loyal investors...doesn't anyone have any patience anymore? I am buying this stock and forgetting about it for two years...24 months flies by and I believe my investment will be worth 40 times its current worth at least...Buy and hold...throw it in your tax free savings account...you can put $25,500 in there now if you haven't opened one yet lol...just my opinion (or hint) by the way...
I really Like Guy Duporrt- his confidence in his strategy, his connections, his methodology...I have been accumulating aggressively for some time now and hold a very large position for the long term (2 years or greater)...and when it comes to my long-term investments, I always do my homework ; )...
This is not a pump and dump, and Mr. Duport is the exact opposite of that - A real CEO with his hands on a huge opportunity and all the right partners to maake it a reality...sure there are major risks (Guinea's Political and Mining Act situation), but if it is good enough for Rio Tinto to invest 50 Billion in a rail line to the sea (that will cut right across WAI's property), and the Chinese are investing multi-billions all around WAI, its worth a long-teerm hold...and BHP and Vale are there, the country is safe enough for my high risk investment portfolio...
And at 6 Cents, I have never seen a better opportunity this good, that's real...
Happy investing,
OracleVision