Can't reconcile this.. Help me out here folks.I've brought this up a few times in the past & I'm already regretting this post but I've not had anyone give me a reason to not to continue to wonder. We, for the most part agree that the Casino project has decent numbers and can see no reason why it shouldn't be aquired at a good price. Looking at the project's metrics (jurisdiction, copper future, NPV, etc, etc) it is a no brainer. Unfortunately the market doesn't agree and really never has. As we move along the development path things only look better. And yet the market doesn't agree. There is a disconnect - good project / poor market cap.
There are a few things that I can't reconcile. We all agree that this is thinly traded (to the extreme). You would expect much higher daily volumes given copper's future, the stage of development & 2 majors having invested time & money and one of them having to sh*t or get off the pot in a few weeks. Speculation alone should drive price & volume. We've often thought that the price is being manipulated. Don't know how, don't know why??? Anyone who would be shorting this stock would certainly benefit from lower SP. WRN averages approx 2 million shorts at any point in time & is actually up a bit right now. Check out CEO.WRN. I've compared WRN to other peers, larger & smaller & the number of shorts is SIGNIFIGANTLY more not only in number but as a percentage of outstanding shares. Help me out here folks. Don't know the mechanics of it but it is something that can't be ignored. Or if it can, tell me why??