RE: Come on Wres1 Aug 2021 14:51
Not mining much easier than mining as I've heard rick rule repeat, as is his way.
Narrow escapes for me fairly recently were; cradle ark - thought about buying but never did but came quite close, wolf - ditto, firestone - bought in on a low and luckily out on a spike - 'nick of time', tristar - very very nearly bought. In my experience listed juniors are incredibly resilient as long as not mining/trying to/indebted. Only bellzone and dragonfly that's got me so far.
My point is, despite these experiences I've been happy to try with wres - like mgmt for a start. They appear to have scraped thru the 100 year commodity covid crash low after struggling on commercial production ramp up (so4 another I've watched for ages never bought, luckily) and even after that hit with the flood - still standing - great support and deep apparent belief. For a junior explorer to emerge is one thing but wres appear to have (assuming next production updates are positive - as expected) weathered some storm, imo.
~5.8b shares mid April 2018 sp ~0.54p so mcap reached >£31m - equivalent ~27p today, maybe can do better than that (maybe 2x).
I've again been a buyer last week or two.
Global infrastructure spending, oil price, deglobalisation, dollar weakness, secular inflation, lessonde curve rerate catchup upon production profitability, sentiment reversal and concurrent sn/w strength (+ more sn then expected), momentum from lows, poss atlas dry up, long term channel breakout (~40p?) - potentially powerful combo.
Then gold.
50p currently ~60m mcap, seems very possible if they finally cracked it.
May take a while may still go wrong but happy to wait and see.
AIMO ATB
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