GREY:WONEF - Post by User
Post by
rusty777on Jun 23, 2015 3:03pm
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Post# 23860512
The REAL question is......
The REAL question is......I must admit to a certain level of uncertainty here. IR and Management have been consistently stating that Oil only contributes a small percentage to their over all business case. If this is in fact true (and who am I to doubt what they say) then the REAL question is what has contributed to a 91.3% DECREASE in the market Cap for this stock over the last few months given that its not the price of oil (which by the way has rebounded 25% off its low while WEQ continues to slide).
The market seems to be sending consistent signals...just not ones that I really want to hear.
Less than a year ago Dundee had this as a buy with a target of $10.00....I don't have the capabilities here but it would be interesting if Dundee customers were buying or selling at that time.
Certainly an interesting turn of events and it doen't look like the bottom has been reached yet -
Cheers
Rusty