RE: Just a thought12 Oct 2020 15:05
Dreamy
I posted my fag packet calculation of 8.4 billion shares last wee mate, which was based upon all of the outstanding warrants being taken up, all of which are of course at considerably higher prices than the current SP.
As I see it, if all the outstanding warrants are exercised, then that will only have been as a result of the SP already having risen substantially, because no one is going to buy warrants at a higher price than they can buy shares for in the market, which in turn is only likely to have happened as a result of some long awaited good news !
MM has stated that we have turned a corner, and whilst we are likely to have to wait until the 4th quarter results to see just how much of a corner we have turned, I believe that WRES will come good, eventually, when we will hit 1p is anybody’s guess, there are too many imponderables for me to wrk it out, not least if which is, wether MM achieves the joint venture start up with the gold play.
I’m fortunate that I do not need the money that I have invested here, so whilst I would prefer a higher SP sooner rather than later, I can wait, and given the 8 years that I’ve been waiting, even if you are correct about 2022 being the year when we really reap the benefits, that means that I’m already 80% of the way through my waiting time, and I’m a patient man ;-)