GREY:WWEXF - Post by User
Comment by
cloreenbaconskinon Mar 30, 2015 5:31pm
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Post# 23578814
RE:NR
RE:NRGuy just invested about $370,000 of his own money in this deal. Would he put up that kind of cash if he thought WAI was dead?? He now has almost $500,000 of his own money invested in WAI. An insider that owns that much stock believes in the company and is definitely shareholder friendly. WAI plummeted mainly due to the state of the iron ore market in the global economy as well as the terrible Ebola crisis and the delays with the release of the technical resource report...all out of mgt's control. With the iron ore project in the back pocket, the next project being reviewed must be favourable otherwise why would Guy risk half a million dollars. The Australian billionaire, Gina Rinehart, is currently investing billions more in iron ore despite low prices and high costs. These people are not stupid. They see beyond the next quarter, the next 6 months, etc. The next NR will hopefully tell us details of WAI's next project. We'll have to wait as I can't get Guy to give me the goods :-)