RE: oldy/l20028 Jul 2019 20:33
Troajan. I have no issue with fluctuating prices. That is the way of things. However, businesses can fail when prices fall. Some are mothballed. Those with proven figures and known costs can survive and eventually thrive, like a phoenix. WRES is not one of them as I write - we have no figures for money in. If a business spends £1 to recoup 99p then its long term future looks bleak, especially if it is a new business. WRES has no numbers in yet, and even WRES's low OPEX and CAPEX are meaningless if the money going out is more than coming in. The $94 is the long game. I will say again, this needs numbers in and numbers out. It remains a high risk share until then. Falling tungsten prices are a concern, well they should be if you are investing in Tungsten. Will they turn, maybe, maybe not. I don't know, nor do you. The lastest US data isn't great. I do know WRES have debt and bills, this is known. Will the scales be balanced? I don't know. The lower the tungsten price falls the worse the situation becomes. Interest rates are likely to be cut, why? Failing global economy? Someone trying to stimulate growth perhaps? Could WRES get up and running and sooth the nerves of the market before (if) it all goes Pete Tong? Well, yes. That is why I continue to hold, but it is a significant risk and the reason I have reduced my exposure. Others see the risks too, hence low volume and little apparent interest. Some see confirmation bias, and see it at every turn.