RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:New narrative !Hi Sooner, you know, individuals who are hoping for $20 are very similar to the ones hoping to eek out $3 (albeit at opposite ends of the spectrum). Wild pessimism or optimism is likely not in the cards as we all know the truth lies somewhere in the middle.
I've been satisfied with my call for double-digits minimum and I suspect the BoD also will stick to their guns with similar feelings on the matter.
WRN, in all honesty, is a bit of a hybrid stock: One part optionality play, one part developer. One part buyout candidate, one part potential JV partner with the major(s). One part gold play, one part copper play. WRN's timelines are a bit fuzzy and can't be pinned down, rather they are open-ended much as is the way two different investors can look at WRN and determine they are completely different things. Some look(ed) at WRN as a quick flip copper play. I look at WRN as a long-term gold play.
I think some of the (frustrated) investors need to understand that you take a position in WRN that fits your investment thesis and then determine if you are comfortable with where things stand. If your investment thesis was WRN was going to be a quick buyout for an opportunity to parlay profits into the next "big thing" you are obviously very frustrated. If your investment thesis is that you want a stake in strategic metals for the future and have the patience to ride the train to the terminal point, you are likely cool as a cucumber and will happily obtain more shares in the interim if a buying opportunity presents itself.
The "problem" that some see is not the stock, rather it is that the stock can't be pinned down to fit the particular investment thesis a particuar investor/speculator believes it should fit. My opinion is that all should stay and reap the rewards long term. If that is not your thesis, then you can save yourself the frustration and move on.