Comments & comparsion with GCM/ Responding to the RubbishingComments & comparsion with GCM / Responding to the Rubbishing.
No one seems to be willing to respond to the FACTS in my Post. So I will expand on facts I presented. Afterall it is facts that got me into stocks like WM and GCM well before Eric Sprott (and maybe some other investors here.)
1./"spamming has become a major pain" - stay focused on facts and do not just respond emotionally simply because a post seems negative. The main problem is the huge dilution we have seen. WM Now has over 400 million shares outstanding, and growing. That is a lot of shares BEFORE a mine has been built or financed. I think we may see WM go down and fill the gap near 40 cents. And if it does and the news continues to be positive, it is capable of making new highs maybe much higher highs. But the news must now push hundreds of millions of shares. Since when is weighing facts = spamming?
2./"You don't invest in juniors for their current value you invest in their future potential." Okay. Let's see your metrics, that have convinced you that WM is worth 60 cents or more. Oh. you don't have any? And are just trying to talk the stock up? That is what it seems
3/"I don't bother tangling with them." I come from the old school. Back in the day, we aimed to get to Truth by debating with facts. Not just accusing calling others "Spammer" because they present facts we want to forget
4/"Plenty of producing mines deserve to trade lower than WM for a variety of solid reaslons...they are drying up reserve-wise, they have heavy debts, poor management, out-of-control costs" My specific comparison was with GCM. And WM now has a higher Market Cap than GCM a producer of 225k oz per annum. Have you looked at it? I have been following the stock for a long time, and investing in size when it was below $2.00. And I have been doing pairs trading, swinging money back and forth successfully between WM and GCM. WM recently hit my target and also became overvalued versus WM. Meantime, Eric Sprott has just closed a transaction where he bought over 10% of GCM. I think he hit his limit of WM, and if he buys more, he may be forced to make a bid for the whole company. I would not rule out the possibility, that he has been lightening up on WM to buy GCM, thinking he can re-enter WM at lower levels. Tell me, have you seen him make adjustments like that before?
5./"potential to have listed reseves IN EXCESS (not access) OF 50 MILLION OUNCES within 15-18 months" Okay. But WM is not there yet. And how many shares will be outstanding if/ when it gets there? And how many when it has built a mine to put such a vast number of ounces into production? These are the kind of questions a successful private investor should be asking. Not just talking about ounces that MAY be there - or not.
I am not here to promote it, but there is another site where I read that has done a better job of staying fact based. And I would like to see more of that here