RE: Ouch20 Aug 2018 12:16
KB. iis, including banks, got burned big in the 2008 era. In some ways they haven't changed in others they are scared silly. Junior miners and explo being one (this I know). WLFE just gives them further confirmation bias i.e. Ah ha, those little miners haven't changed and we were right not to invest. As I have said over the years, pre funding, WRES had no real value as an explo (it still doesn't really, well not to us blah blah blah). If funding had not been secured then fire sale here we come. Everyone that is in now, sees this going to production. Me included. I believe iis (small funds) will come in between now and production, particularly at the point we get right on production. They may even be soaking up these big sells. Once we are mining, kit works, product sells (at a profit) and debt is being serviced then larger II's will want in. Unless of course the price of Tungsten goes crazy and people smell instant profit. However, I think they will be reluctant to buy in pre a consolidation and may only want in once a significant portion of our debt is paid off. They are risk adverse. There is also the unknown variable that is the price of Tungsten. Due to rise, but isn't. It has fallen of late. Trump may influence that for a while but eventually supply and demand will out - I for one hope it does. MM has a big stake in the game. I like that, but some investors do not (iis). I would like to see MM use the grant money to pay down the debt and make us more attractive, but let's get the money first. Let's get mining first. The failings of other miners may even be in our favour once we are successfully mining. MM is being brilliant with regard to the open event. That is a nice touch. Despite what Jaf may say, that to me is a nice touch to the little people who have helped to get this ship floating. Will iis be at the event, I be absolutely dumb struck if they were not.I have been no big fan of MM in the past. I am not bothered about iis, they can bun fight over this later when shares are tight and prices are rising. We are, according to some, on the edge of recession but aren't we always ha ha. This may mean funds are holding back longer. I expected the banks to blow up, Italian mess being the fire lighter. Never happened. I got that wrong. I won't go into the politics of QE and EU corruption, and massive and obvious market interference with the sole aim of ensuring German (oh sorry, EU) success. I now await criticism, sarcasm, para phrasing, allotment talk, operations, bus journeys, cross dressing, foreign adventures and the occasional chat about WRES and other good value shares. Anyway, as reiterated to me daily, WTFDIK.