RE: RE: RE: RE: RE: RE: RE: Take A Closer Look Hi Qaxter, how are you today?
I believe CIF wants alot more to do with this project than a simple $30 Million credit facility...dig deeper into CIF as a company, and I believe you will see clearly they have an interest in and are betting heavily into Western Africa iron ore...$30 Million is small potatoes for them...they bought a significant interest (as did Glencore) in Bellzone and in my opinion its seems pretty obvious WAI has better located and more significant high-grade ore deposits no? Bellzone has 3/4 of a billion shares out and an approx CDN150 million market cap right?
I agree with you on lets see how the majors react to the resoucre and metalllurgy reports...I hope they are good! The retail story on this stock is almost non-existant...wait until they crank up a retail program. I think Vanguard has a good reputation and have been waiting for real news to start flowing...things have taken longer, but so what? look at the market in general? Agorythmic program trading is canibalizing the TSX venture and should be banned, as was previously stated in a great exposee article.
WAI really needs to get some news out, but I am sure they have their reasons for taking this long...good this take time! I am investing heavily in this company as I see the big picture...and we all know how important location location location is...look where they are!
I see this as a prove up resources with the 30 million and then sell the a major story for two dollars a share kind of deal...at these prices, i will buy as much as I can and hold for two years no problema. I love the story, team, etc...
Happy investing, OracleVision