RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE Yes I agree "Le Thug", my friend...the ore body they are currently focusing on has monster potential and the land mass is more than big enough to ever worry about running out for at least 15-20 years if it hits big...the Metallurgy from SRK and another will be out soon along with the Maiden Resource Report...and I understand there is another large cash infusion coming soon from the credit facility...they are in great financial shape...and once the metallurgy is out...the majors and international institutions will be very interested if the metallurgy shows high grades...and if it doesn't, they have many other places to drill...I am personally confident in this play...I am a long-term investor (2 years plus) and hold millions of shares...and I keep buying at these ridiculously low prices...we are in the best opportunity of a lifetime to load up on quality plays...look at Barrick Gold for instance!
Either you believe in monster-size, untapped, West African Iron Ore Plays at High Grade-Low Cost, or you do not...I happen to believe...hope I am correct as this could be a monster win for my portfolio...and even if Iron ore prices fall, it helps WAI, as their cost to produce could be so low, that all of a sudden every major wants WAI as their own holdings are too high priced! Its a win-win for WAI wherever Iron Ores prices go!
I also think Guinea is one of the more stable West African countries, and the government is realizing they need to rewrite their deals (and they currently are) with the majors, so as not to completely lose them...they are smart enough to have already made some major relaxation in the tax code and that will catch the eyes of the majors...I bet Rio, BHP, Rusal, Vale, etc...will all work out appealing deals for everyone...
All is good in my eyes...once the metallurgy is out and if it is good, then management and Vanguard can start their push to attract larger institutions World-wide to buy the stock...remember, the CEO is very connected in all the right places overseas - London, China, Dubai, Singapore, Etc Etc...where the REAL money is...the stock could be back up at 20 cents in a heartbeat...anyway that's my two nickels worth... : )
Happy investing, OracleVision...