RE:RE:Beautiful As anyone who has followed the WRN board knows, I am about the biggest Homer for WRN out there. That being said, be careful what you wish for in terms of the share price getting too far ahead of itself. Once this breaks $2 USD, honestly, it isn't going to provide the best bang for the buck and (at least in my view) will get supplanted by other juniors who are jockeying for investment funds. WRN isn't the only undervalued, junior buyout target.
If you want to cash out next month or so, sure let the share price rip in your view. From where I sit, I want a low share price for accumulation purposes. Remember, the current share price is irrelevant in terms of what the final negotiated package deal RIO or whomever is the ultimate winner of the Casino sweepstakes is concerned offers us shareholders.
If you are new to WRN, price doesn't matter. However, if you're in the boat that every time you buy more shares you are raising your basis it is harder to pull the trigger. The 50 DMA is a hair over $1.50 USD, that is a good entry point for any investor regardless of average basis. I still expect a major market washout, so we should get at least one more good buying opportunity before it is all said and done.