RE:RE:RE:When will the beatings end?Sooner, it's not you, me or anyone else. WRN is a stock, we have to be cognizant of both the short and long term here. Long term, I stick to my $10+ price prediction in a buyout.
Short term, the FED is going to pressure the markets into capitulation. That means that the baby gets thrown out with the bathwater. You can try to trade in and out and pocket a bit of change, but you convert your long-term holdings into short-term and if a buyout is less than 12 months away you might not want to do that.
Or, you can take my approach: plan to buy more on the dips and eventual washout. Whether it is gold (sentiment struggling right now) or copper (WRN arguably tracks this closer than gold) which will go into the dumps once the market rolls over and we enter recession, the trend is down.
Anyone trying to fight the trend and force or cajole a buyout in the near-term is only shooting themselves in the foot. If I am Paul right now, I am VERY leery of any buyouts because we don't have both dance partners (RIO & NEM) on the floor at the moment and we are in a lousy price environment as is witnessed by sentiment and overall share price.
That being said, Paul need not worry too much since he just has to stick to his guns as far as his price point on a buyout and just be patient.
Too many investors want the quick buyouts. You usually get burned by those. Quick is normally in favour of the buyer, not the seller. I am reminded of recent words of wisdom when it comes to junior stock investing: never chase a stock. Always be patient and let the price come to you. Many of us know that the buyout price we want will come to us in due time.
If the short term minded had control of the company we may have been sold out for a song years ago. However, we have stronger hands and with that one must expect and embrace patience.
If the boredom is getting to you, sell a portion of your holdings and redeploy into other favourite juniors you think have a shorter buyout timeframe. You have a sizable stake in WRN, you'll be a multi-millionaire in due time just based off your WRN holdings. In the meantime, just relax and get ready to go shopping as there should be some spectacular bargains in the junior resource sphere here shortly.
We can't control the timing of the buyouts. All we can control is when we take our entry points. Now, do you want to buy when prices are rising or falling? Too many fear falling prices, I say be contrarian and embrace them. Fortunes are made in bear markets, not bull markets. The bear sets the stage for the bull.